1. Tooth Corporation (C-Corporation) is owned 50% by Spring Inc. (C Corp) and 50% by Brianna. Spring Inc.s stock basis in Tooth is $65,000. Briannas stock basis in Tooth is $40,000. Tooth Corporation makes a cash distribution on December 31 to Spring Inc. of $100,000 and to Brianna of $100,000. What are the tax consequences if:
   1. Tooth Corporation has AEP of negative $30,000 and CEP of positive $100,000. (2 POINTS)
   2. Tooth Corporation has AEP of positive $40,000 and CEP of positive $20,000. (2 POINTS)
   3. Tooth Corporation has AEP of positive $50,000 and CEP of negative $60,000. (2 POINTS)