Adjusted Basis (LO. 3) Troy owns 600 of the 1,000 outstanding shares of Oiler Corporation. His adjusted basis in the Oiler stock at the beginning of the current year is $88,000. Oiler Corporation is organized as an S corporation and reports the following results for the current year: Operating income before special items Charitable contributions Nondeductible expenses Cash dividends paid $58,000 8,000 9,000 22,000 a. Troy's adjusted basis in the Oiler Corporation stock at the end of the current year is s b. If Troy sells the 600 shares for $100,000 to an unrelated person at the beginning of next year then Troy realizes a ofs gain loss