I cannot get anything to work for the last part eBook Calculator Print Item Exer

Question

I cannot get anything to work for the last part

eBook Calculator Print Item Exercise 22-20 (Algorithmic) (LO. 6) Holbrook, a calendar year S corporation, distributes $79,000 cash to its only shareholder, Cody, on December 3 is $94,800, Holbrook's AAA balance is $35,550, and Holbrook has $11,850 AEP before the distribution. According ordering rules, complete the chart below to indicate how much of the $79,000 is from AAA and AEP as well as h affected If an amount is zero, enter "O". Balance of item Distribution Charged Against Each Item Affect on Stock Basis After Distribution 35, 550, 11,850 31,600 From AAA Account -35,550 0 From AEP Account

Explanation / Answer

answer for the last part is 27650

Balance after Distribution - stock basis =27650

Explanation

11850+(94800-79000) = 27650

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