Pressley Corporation was incorporated on January 1, 1994. The corporation made its S election on March 1, 1998. The corporation retains an EP...

Pressley Corporation was incorporated on January 1, 1994. The corporation made its S election on March 1, 1998. The corporation retains an E&P balance from its C corporation days. During the current year, it made a cash distribution to its sole shareholder Robert Pressley. What is the proper sequence reducing the corporate earnings accounts for the distribution? a.AAA;E&Pb.AAA;OAA;E&Pc.E&P;AAAd.AAA;PTI;E&P