Shadow Inc., is a calendar year S corporation Shadow's Form 11205 shows non-separately stated ordinary income of $450,000 for the year Jennifer owns 30% of the Shadow stock throughout the year The following information for the year is obtained from the corporate records: Tax exempt interest income $ 22,000 Salary paid to Jennifer (308,000) Charitable contributions (30,000) Dividends received from a non-US corporation 25,000 Short-term capital loss (28,000) Depreciation recapture income 56,000 Refund of prior state income taxes 25,000 Cost of goods sold (302,000) Long-term capital loss (35,000) Administrative expenses (112,000) Long-term capital gain 65,000 Selling expenses (46,000) Jennifer's beginning stock basis 149,000 Jennifer's additional Shadow stock purchases 55,000 Beginning AAA 142,000 Jennifer's loan to Shadow 100,000 1) Compute Shadow's book income or loss (NOTE: this will require being able to distinguish what items of income and expense above are separately vs. nonseparately stated; the nonseparately stated items are already included in the $450,000 there is no need to adjust that number) 2) Compute Jennifer's ending stock basis 3) Calculate Shadow's ending AAA balance