Emerald, Inc., is an accrual basis S corporation. The 3 equal cash basis shareholders have the following stock basis at the beginning of the year: Andre, $12,000; Charlotte, $22,000; and Barbara, $31,000. Emerald reports the following income and expense items:

Operating loss of (36,000)

Short-term capital gain of 37,500

Emerald distributes $26,000 cash to each of the shareholders during the tax year. Calculate the shareholders stock bases at the end of the year.