Clampett, Inc. (an S corporation) previously operated as a C corporation. Distributions from Clampett, Inc. are deemed to be paid in the following order:
A. shareholder's remaining stock basis, prior C corporation earnings and profit, the AAA account.
B. shareholder's remaining stock basis, the AAA account, prior C corporation earnings and profit.
C. prior C corporation earnings and profit, the AAA account, shareholder's remaining stock basis.
D. the AAA account, prior C corporation earnings and profit, shareholder's remaining stock basis.
E. None of the above.