ABC corporation, a calendar year S corporation, with two 50% shareholders, provided you with the following information for 2019:

Tax-exempt interest income	$10,000
Sales	$300,000
Depreciation recapture income	$12,000
Long-term capital gain	$40,000
Section 1231 gain	$7,000
Cost of goods sold	($142,000)
Administrative expense	($35,000)
Depreciation expense	($47,000)
Charitable contributions	($7,000)
Distributions to shareholders	$100,000
1-1-2019 AAA balance	$60,000
1-1-2019 shareholder basis in stock	$45,000 each ($90,000 total)
1-1-2019 OAA balance	$4,000

1. Calculate ABC corporations AAA balance as of 12-31-2019.