Question 6 0 / 1 point Assume that S corporation shareholder Julia receives pass-through ordinary income (non-separately stated income), a pass through loss of a separately stated item of loss (like a capital loss), and a cash distribution during the year. Select the correct order (with #1 first and #3 last) for how these items change the shareholder's stock basis. Assume that the S corporation has never been a C corporation. 3 pass through separately stated loss 2 pass through ordinary income __1__ Cash distribution Question 7 0 / 1 point S Corporation shareholder Tim has a basis in his S corporation stock of $30,000. Tim also loaned the S corporation $10,000. assuming material participation)_pass through losses? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! Answer: 10000 Question 8 0 / 1 point S corporation shareholder Shiela has a basis of $3,000 in her corporate stock and a basis of $5,000 in a loan she made personally to the S corporation. If the corporation makes a general $5,000 cash distribution to her, what is the amount of her gain? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! IF SHE HAS NO GAIN, SIMPLY ENTER THE ANSWER AS 0. Answer: 0