roblems (80 Points)-You must show your calculations to receive full credit. 6. Pearlie, a sole shareholder, has a $15,000 stock basis and a $7,000 basis in a loan that she made to Lexus, a calendar year S Corporation with no AEP. At the beginning of the tax year, the corporation's AAA and OAA balances are zero. Ordinary income for Lexus also received $5,000 of tax-exempt interest income during they distributed to the year is $20,000. ear. Cash of $50,000 is Pearlie on November 15. What are the tax implications of this distribution