S Corp Form 1120S and Additional Paid-in Capital (APIC)

[UCcpg]

Is the owner of an S-Corp able to draw against APIC? As I understand it, Paid-in Capital increases stock basis and owner equity. If the owner were to draw 10,000 from their basis of 50,000, should Schedule L line 23 be adjusted for the draw, or would stock basis be tracked separately?

[M-MTax]

Cash gets reduced for the draw and so does your basis.