Clampett, Inc. converted to an S corporation on January 1, 2016. At that time, Clampett, Inc. had cash ($32,000), inventory (FMV $52,000, Basis $14,000), accounts receivable (FMV $32,000, Basis $32,000), and equipment (FMV $52,000, Basis $72,000). In 2017, Clampett, Inc. sells its entire inventory for $52,000 Basis ($14,000). Assuming the corporate tax rate is 35%. How much built-in gains tax does Clampett, Inc. pay in 2017?