A calendar-year S Corp has the following information for the current taxable year:

Sales	350,000
Cost of Goods Sold	120,000
Long-term Capital Gain	12,000
Distribution to Owners	50,000
Salary to Z	35,000
Charitable Contribution	8,000
Operating Expenses	40,000
Interest Income	15,000

Z is a 40% owner with a $100,000 basis in her stock at the beginning of the tax year. No corporate debt is owed to her. Z materially participates in the operations of S Corp. Z also has a $55,000 salary from another job.

A. Calculate the S corps ordinary income or loss for the year.

B. Calculate the S corps separately stated items.

C. Calculate Zs adjusted gross income.

D. Calculate Zs basis in her S stock at the end of the year.