Money, Inc., a calendar year S corporation in denton, Texas, has two unrelated shareholders, each owning 50 % of the stock. Bth shareholders have a...

Money, Inc., a calendar year S corporation in denton, Texas, has two unrelated shareholders, each owning 50 % of the stock. Bth shareholders have a 400k stock basis as of 1/1/10. At the beginning of 2010 Money has AAA of 300k and AEP of 600k. During 2010 Money has operating income of 100k. At the end of the year Money distributes securities worth 1 million with an adjusted basis of 800k. Determine the tax effect.