LO.6 For each of the following independent statements, indicate whether the trans- action will increase (+), decrease (-), or have no effect (NE) on the basis of a shareholder's stock in an S corporation.

a. Expenses related to tax-exempt income.

b. Short-term capital gain.

c. Nonseparately computed loss.

d. Section 1231 gain.

e. Depletion not in excess of basis.

f. Separately computed income. g Nontaxable return-of-capital distribution by the corporation. h. Advertising expenses. i. Business gifts in excess of $25. j. Depreciation recapture income. k. Dividends received by the S corporation from an investment in ExxonMobil stock. L LIFO recapture tax paid. m. Long-term capital loss. n. Cash distribution to shareholder out of AAA.