13. LO.5, 6 Mary is a shareholder in CarrollCo, a calendar year S corporation. At the beginning of the year, her stock basis is $10,000, her share of the AAA is

$2,000, and her share of corporate AEP is $6,000. At the end of the year, Mary receives a $6,000 cash distribution from CarrollCo.

Mary’s share of S corporation items includes a $2,000 long-term capital gain and a $10,000 ordinary loss. Determine the effects of these events on Mary’s share of CarrollCo’s AAA, on CarrollCo’s AEP, and on Mary’s stock basis using spreadsheet software such as Microsoft Excel.