Cactus Corporation,an S Corporation,had accumulated earnings and profits of $100,000 at the beginning of 2008.Tex and Shirley each own 50% of the stock.Cactus does not make any distributions during 2008,but had $200,000 of ordinary income.In 2009,ordinary income was $100,000 and distributions were $100,000.What is Tex's ordinary income for 2008?

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The Answer of Cactus Corporation,an S Corporation,had accumulated earnings and profits of $100,000 at the beginning of 2008.Tex and Shirley each own 50% of the stock.Cactus does not make any distributions during 2008,but had $200,000 of ordinary income.In 2009,ordinary income was $100,000 and distributions were $100,000.What is Tex's ordinary income for 2008?

Cactus Corporation,an S Corporation,had Accumulated Earnings and Profits of $100,000