CAROL IS THE SOLE SHAREHOLDER OF GREAT INC A CALENDAR YEAR S CORPORATION, THE BASIS OF HER STOCK AT JANUARY1 2011 IS 50, 000.GREAT INC HAS THE FOLLOWING ENDING DECEMBER 31, 2011

TAXABLE INCOME 25000

50% DISALLOWANCE FOR TRAVEL AND ENT 2000

EXCESS OF THE DEDUCTION FOR DEPLETION OVER BASIS OF NON OIL AND GAS PROPERTY 5000

CHARITABLE CONTRIBUTION 4000

WHAT IS BASIS OF CAROL STOCK AS OF DECEMBER 2011

55000

64000

74000

75000