Required Information [The following information applies to the questions displayed below.] This year, Sooner Company reports a deficit in current E&P of ($468,000). Its accumulated E&P at the beginning of the year was $330,000. Sooner distributed $660,000 to its sole shareholder, Boomer, on June 30 of this year. Boomer's tax basis in the Sooner stock before the distribution is $106,000. Note: Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign. b. What is Boomer's tax basis in the Sooner stock after the distribution? Tax basis Required Information [The following information applies to the questions displayed below.] This year, Sooner Company reports a deficit in current E&P of ($468,000). Its accumulated E&P at the beginning of the year was $330,000. Sooner distributed $660,000 to its sole shareholder, Boomer, on June 30 of this year. Boomer's tax basis in the Sooner stock before the distribution is $106,000. Note: Leave no answer blank. Enter zero if applicable. Negative amount should be Indicated by a minus sign. c. What is Sooner's balance in accumulated E&P on the first day of next year? Balance in accumulated E&P at the beginning of next year