Money, Inc. a calendar year S corporation in Denton, Texas, has 2 unrelated shareholders, each owning 50% of the stock. Both stockholders have $400,000 stock basis as of January 1, 2012. At the beginning of 2012, Money has AAA $300,000 as well as AEP of $600,000. Throughout 2010, Money has operating income of $100,000. At the end of the year, Money distributes securities worth $1 million, with adjusted basis of $800,000. Find out the tax effects of these transactions if the two shareholders consent to an AAA bypass election.