Question: Christina receives a distribution of $160,000 from an S corporation in which she is a 40% shareholder. At the same time, the corporation distributes $240,000 to the other shareholders. The corporation has AAA of $120,000. Christina's basis for her stock is $80,000. Which of the following is the correct amount of Christina's capital gain resulting from the distribution. Group of answer choices $40,000. $48,000. $80,000. $16,000.