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Biology homework help

17,000At the beginning of Year 1, the shareholder’s stock basis was $20,000, and her debt basis was $16,000. a. Assuming the corporation has no accumulated E&P, show items reported by the share-holder in each year, show all basis adjustments to stock and debt, and show the stock and debt bases at the end of each year.b. Redo Part a for Year 2 and Year 3 assuming ordinary income in Year 2 is $8,000 in-stead of $27,000.

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