Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $69,000 to J.D. His basis in his Clampett, Inc., stock on January 1, 2020, was $73,500. For 2020, J.D. was allocated $11,000 of ordinary income from Clampett, Inc., and no separately stated items. What is J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020? Multiple Choice $58,000. $47,000. Oo oo $36,000. $15,500. None of the choices are correct