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:

Net taxable income from sales	$25,000
Net short-term capital loss	(18,000)
Cash distribution to Lizzie, 12/31	40,000

If an amount is zero, enter "0".

a. Determine Lizzie's stock basis at the end of the year. $

b. Of Lizzie's $40,000 cash distribution, $ is tax-free and $ is

a capital gainordinary incomea dividend

.

c. $ of the short-term capital loss is suspended this year.