Required information [The following information applies to the questions displayed below] On January 1, 2020, Janna has a tax basis of $19,500 in her Mimikaki stock (Mimikaki has been an S corporation since Inception). In 2020, Janna was allocated $24,500 of ordinary income from Mimikaki. What are the amount and character of gain she recognizes from end-of-the-year distributions in each of the following alternative scenarios, and what is her stock basis following each distribution? (Leave no answer blank. Enter zero if applicable. If the answer is "O", select "None".) b. Mimikaki distributes $24,500 to Janna. Gain Stock basis Amount Character