QUESTION 12 Daniels and Broussard each own one half (1/2) of the stock of Wiley Corporation, an S Corporation. Each shareholder has an adjusted basis in her stock of $100,000. Wiley Corporation has no Accumulated Earnings And Profits (E&P) Wiley Corporation's Taxable income for the current years is $80.000 and it distributes $50,000 to each shareholder. Daniels' basis in her stock at the end of the year is $90,000. O False O True