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The following facts will remain the same for all problems they are used on . An S - Corporation has beginning balances in AAA of

The following facts will remain the same for all problems they are used on.
An S-Corporation has beginning balances in AAA of $300,000, E&P of $200,000, and OAA of $100,000.
Sally has a beginning balance in her Stock Basis of $400,000.
Sally makes $10,000 contribution for additional stock during the current year.
Corporation has a $200,000 net loss comprised of the following:
- Loss of $230,000 is from a Nonseparately Computed Items and
- Gain of $30,000 is from Seperately Stated Tax-Exempt Income
If the corporation distributes $450,000 to its Sole Shareholder during the current year, what is the S-Corporation's ending E&P balance? [write losses as a negative number (e.g.,-10)]

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