Accumulated Adjustments Account

Beginning Balance -
Positive adjustments:
Taxable Income $131,588
Ordinary dividends $2,000
Net long-term capital gain $30,000
Total $163,588
Negative items:
Charitable contributions -$17,600
AAA before distribution $145,988
Less distribution -
Ending Balance $145,988

Other Adjustmets Account

Beginning Balance -
Tax-exempt income -
Negative items: -
Ending Balance -

Shareholders' Undistributed Taxable

Income Previously Taxed
Beginning Balance -
Adjustments -
Ending Balance -
Shareholder's' Basis
Lisa (50%) Jeff (20%) Tina (30%)
Beginning Basis $38,000 $29,000 $30,000
Positive Adjustments:
Taxable Income $65,794 $26,318 $39,476
Other Income $16,000 $6,400 $9,600
Negative Adjustments:
Charitable Contributions -$8,800 -$3,520 -$5,280
Ending Basis $110,994 $58,198 $73,796