lease help me with the next question. onergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on December 31, 2018. During 2019, Lonergan,...


lease help me with the next question.


onergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on December 31, 2018. During 2019, Lonergan, Inc., distributes $140,000 to its shareholders, while sustaining an ordinary loss of $120,000.


The 2019 ending balance in the AAA account is a (positive or negative) balance of $ _________, and the AEP account balance is
$.______________



Jun 09, 2022
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