ABC Incorporated, has been an S corporation since its inception. On July 15, 2023, ABC Incorporated,...

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ABC Incorporated, has been an S corporation since its inception. On July 15, 2023, ABC Incorporated, distributed $50,000 to SH. SH's basis in his ABC Incorporated, stock on January 1, 2023, was $30,000. For 2023, SH was allocated $10,000 of ordinary income from ABC Incorporated, and no separately stated items. What is SH's basis in his ABC Incorporated, stock after all transactions in 2023? Type your answer... ABC Incorporated, has been an S corporation since its inception. On July 15, 2023, ABC Incorporated, distributed $50,000 to SH. SH's basis in his ABC Incorporated, stock on January 1, 2023, was $30,000. For 2023, SH was allocated $10,000 of ordinary income from ABC Incorporated, and no separately stated items. What is SH's basis in his ABC Incorporated, stock after all transactions in 2023? Type your answer...