Clampett, Inc. converted to an S corporation on January 1, 2015. At that time, Clampett, Inc. had cash ($58,000), inventory (FMV $78,000, Basis $39,000), accounts receivable (FMV $58,000, Basis $58,000), and equipment (FMV $78,000, Basis $98,000). In 2016, Clampett, Inc. sells its entire inventory for $78,000 Basis ($39,000). Assuming the corporate tax rate is 35%. How much built-in gains tax does Clampett, Inc. pay in 2016?