Vogel, Inc., an S corporation for five years, distributes a tract of land held as an investment to Jamari, its majority shareholder. The land was purchased for $167,000 ten years ago and is currently worth $417,500. If an amount is zero, enter, "0". a. As a result of the distribution, what is Vogel's recognized capital gain? How much is reported as a distribution to shareholders? Vogel recognizes take a $ of $ basis in the land. b. What is the net effect of the distribution on Vogel's AAA? There is a net of $ which is reported on Schedule K, and on Vogel's AAA. . Jamari would c. Assume instead that the land had been purchased for $417,500 and was currently worth $167,000. How much would Vogel recognize as a loss? What would be the net effect on Vogel's AAA? What would be Jamari's basis in the land? Vogel recognizes a loss $ and the net effect on Vogel's AAA is take a $ basis in the land. of $ Jamari would