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23. Hazel is the sole shareholder of Maple Corp. In 2018 Maple operated as a C corporation and reported S15,000 of taxable income (and earnings and profits). In 2018, Maple elected S corporation status. During 2019 Maple generated AAA of $12,000. It also distributed $25,000 to Hazel. What is the amount and character of income Hazel must recognize on the distribution assuming her stock basis was S15,000 prior to the distribution? 23. Hazel is the sole shareholder of Maple Corp. In 2018 Maple operated as a C corporation and reported S15,000 of taxable income (and earnings and profits). In 2018, Maple elected S corporation status. During 2019 Maple generated AAA of $12,000. It also distributed $25,000 to Hazel. What is the amount and character of income Hazel must recognize on the distribution assuming her stock basis was S15,000 prior to the distribution