Beginning in 2015,the AAA of Amit,Inc. ,an S corporation,has a balance of $614,000.During the year,the following items occur. Operating income $501,000 Interest income 6,500 Dividend income 13,020 Municipal bond interest income 6,000 Long-term capital loss from sale of investment land 7,400 Section 179 depreciation deduction 6,000 Charitable contributions 19,000 Cash distributions 57,000 Amit's ending AAA balance is:

Question

Beginning in 2015,the AAA of Amit,Inc. ,an S corporation,has a balance of $614,000.During the year,the following items occur. Operating income $501,000 Interest income 6,500 Dividend income 13,020 Municipal bond interest income 6,000 Long-term capital loss from sale of investment land 7,400 Section 179 depreciation deduction 6,000 Charitable contributions 19,000 Cash distributions 57,000 ​ Amit's ending AAA balance is:

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The Answer of Beginning in 2015,the AAA of Amit,Inc. ,an S corporation,has a balance of $614,000.During the year,the following items occur. Operating income $501,000 Interest income 6,500 Dividend income 13,020 Municipal bond interest income 6,000 Long-term capital loss from sale of investment land 7,400 Section 179 depreciation deduction 6,000 Charitable contributions 19,000 Cash distributions 57,000 ​ Amit's ending AAA balance is: