38. LO.7, 8, 9 At the beginning of the tax year, Lizzie holds a $10,000 stock basis as the sole shareholder of Spike, Inc., an S corporation. During the year, Spike reports the following. Determine Lizzie's stock basis at the end of the year and the treatment of her cash distribution. Net taxable income from sales $ 25,000 Net short-term capital loss (18,000) Cash distribution to Lizzie, 12/31 15,000