Shadow Inc. is an S corporation with a prior history as a regular corporation. At the beginning of the year, the company had AAA of $230,000 and E&P of $170,000. Schedule K of the company's Form 1120S for the current year reported the following:Ordinary business income (loss) (page 1, line 21)

(118,000)

Interest income

12,600

Net section 1231 gain (loss)

68,750

Charitable contributions

(6,000)

Tax-exempt interest income

5,200

Nondeductible expenses

(1,625)

Distributions to shareholders

24,000

1. What is the balance in the company's AAA account at the beginning of next year? (Assume the company did not elect to source distributions from E&P first).
2. How would your answer change if the company had distributed $240,000 to its shareholders rather than $24,000?
3. What if the company's ordinary business income (loss) had been (18,000) rather than (118,000) and the company had distributed $240,000 to its shareholders?