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Shelby is a shareholder in GrizzlyCo, a calendar year S corporation

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Shelby is a shareholder in GrizzlyCo, a calendar year S corporation. At the beginning of the year, her stock basis is $55,000, her share of the AAA is $19,000, and her share of corporate AEP is $42,000.

At the end of the year, Shelby receives from GrizzlyCo a $26,000 cash distribution. Shelby's share of S corporation items includes a $20,000 long-term capital gain and a $56,000 ordinary loss.

Determine the effects of these events on Shelby's share of the entity's AAA, her stock basis, and GrizzlyCo's AEP.