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Please show solutions. Holbrook, a calendar year S corporation, distributes $158,800 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock

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Holbrook, a calendar year S corporation, distributes $158,800 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock is $190,560, Holbrook's AAA balance is $71,460, and Holbrook has $23,820 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $158,800 is from AAA and AEP as well as how Cody's stock basis is affected If an amount is zero, enter "0". Distribution Charged Effect on Balance of Item Against Each Item Stock Basis After Distribution From AAA account $ $ From AEP account From Cody's stock basis Total distribution $158,800

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