1. Award: 2.80 points Clampett, Inc. has been an S corporation since its inception. On July 15, 2018, Clampett, Inc. distributed $50,000 to J. D. His basis in his Clampett, Inc. stock on January 1, 2018, was $45.000. For 2018, J. D. was allocated $10,000 of ordinary income from Clampett, Inc. and no separately stated items. What is the amount of income J. D. recognizes related to Clampett, Inc. in 2018? $60,000 O $50,000 O $20.000 O $10,000 2. Award: 2.80 points Clampett, Inc, has been an S corporation since its inception. On July 15, 2018, Clampett, Inc. distributed $50,000 to J. D. His basis in his Clampett, Inc. stock on January 1, 2018, was $30.000. For 2018. J. D. was allocated $10.000 of ordinary income from Clampett, Inc. and n separately stated items. What is J. D.'s besis in his Clampett, Inc. stock after all transactions in 2018? O $40,000 O $30,000 O ($10.000) O so