I'm a bit confused; did you Edit your original text?
"There was also a $30K distribution but I'm taking that as a shareholder principal payment. "
What is a Principal Payment? Did you mean Loan payment?
These perspectives are hard to follow as for who owes to whom. Was there Payroll? As a sole shareholder, you would not really make a loan To/From yourself. Has there been a Note Payable document with interest charged between any/either party?
"Level Up" is a gaming function, not a real life function.