Cactus Corporation, an S Corporation, had accumulated earnings and profits of $$100,000$ at the beginning of $2022.$ Tex and Shirley each own

$50\%$ of the stock and have a basis in their stock of $$50,000$ on January $1,2022.$ Cactus does not make any distributions during $2022,$ but had

$$200,000$ of ordinary income. In $2023,$ ordinary income was $$100,000$ and distributions were $$100,000.$ What is Tex's basis at January $1,2024?$