Question: received a $ 7 , 6 0 0 distribution from the S corporation. What is Jamaal's stock and debt basis after these transactions? Multiple Choice

received a $7,600 distribution from the S corporation. What is Jamaal's stock and debt basis after these transactions?
Multiple Choice
$0 stock basis; $9,200 debt basis
$0 stock basis; $10,600 debt basis
$6,200 stock basis; $10,600 debt basis
$6,200 stock basis; $3,000 debt basis
None of the choices are correct.
received a $ 7 , 6 0 0 distribution from the S

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