What is amit''s ending aaa balance


Beginning in 2010, the AAA of Amit, Inc., an S corporation, has a balance of $725,000. During the year, the following items occur.


Operating income $472,000
Interest income 6,500
Dividend income 14,050
Municipal bond interest income 6,000
Long-term capital loss from sale of investment land 7,400
Charitable contributions 19,000
Cash distributions to shareholders 57,000


what is Amit's ending AAA balance ?

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Accounting Basics: What is amit''s ending aaa balance
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