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 $58,200 ten years ago and is currently worth $145,500. 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 L take a t of basis in the land. which is reported on Schedule K, and ( Jamari would b. What is the net effect of the distribution on Vogel's AAA? There is a net of on Vogel's AAA. c. Assume instead that the land had been purchased for $145,500 and was currently worth $58,200. How much would Vogel recognize as a loss? What would be the net effect on Vogel's AAA? What would be Jamar's basis in the land? Vogel recognizes a loss s and the net effect on Vogel's AAA is take a S basis in the land. Jamari would