both questions have last choice for "none of the choices are correct"

Clampett, Inc. has been an S corporation since its inception. On July 15, 2019, Clampett, Inc. distributed $80,000 to J. D. His basis in his Clampett Inc. stock on January 1, 2019, was $37,000. For 2019, J. D. was allocated $36,000 of ordinary income from Clampett, Inc. and no separately stated items. What is J.D's basis in his Clampett, Inc. stock after all transactions in 2019? Multiple Choice $73,000 $37.000 $1000 $36,000. Clampett, Inc. has been an Scorporation since its inception. On July 15, 2019, Clampett, Inc. distributed $57,500 to J. D. His basis in his Clampett, Inc. stock on January 1, 2019, was $31,500. For 2019. J. D. was allocated $10,750 of ordinary income from Clampett, Inc. and no separately stated items. How much capital gain does J. D. recognize related to Clampett, Inc. in 2019? Multiple Choice $68.250 557,500 $20750 $15,250