S Corporation Distributions$-$Examp

FACTS:

An S corporation reports the following balances for its sole

shareholder as of $1/1/2011$:

PTI: $$15,000$

Shareholder Stock basis: $$105,000$

AAA account balance: $$80,000$

E&P account balance: $$10,000$

Assume the corporation makes a distribution of $$200,000.$

What are the tax consequences to the shareholder?