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Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2024, Clampett, Incorporated, distributed $50,000 to J.D. His basis in his Clampett,

Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2024, Clampett, Incorporated, distributed $50,000 to J.D. His basis in his Clampett, Incorporated, stock on January 1, 2024, was $45,000. For 2024, J.D. was allocated $10,000 of ordinary income from Clampett, Incorporated, and no separately stated items. What is J.D.'s basis in his Clampett, Incorporated, stock after all transactions in 2024?

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