Cathy is a 40% shareholder of City Corporation. City is a calendar year S corporation. Cathy acquired her stock on January 1 of the current year for $80,000. In the current year, City reports the following results of operations, cash distributions, and salary payments: Ordinary income allocable to Cathy... Salary payments to Cathy.... Long-term capital loss allocable to Cathy.. Cash distributions to Cathy.. .$30,000 .40,000 ...5,000 .17,000 a. What is Cathy's stock basis at the end of the current year? b. What amounts should Cathy include in her individual tax return for the current year?