For the following questions, assume that after electing S corporation status Barry and Winnie had a change of heart and filed an election to terminate Omnioculars S election, effective August 1, 2016.

In 2016, Omniocular reported the following income/expense items:

	Jan 1Jul 31 2016 (213 days)	Aug 1Dec 31, 2016 (153 days)	Jan 1Dec 31, 2016
Sales Revenue	$ 80,000	$ 185,000	$ 265,000
Cost of Goods Sold	(40,000)	(20,000)	(60,000)
Salaries to Barry and Winnie	(60,000)	(40,000)	(100,000)
Depreciation Expense	(7,000)	(2,000)	(9,000)
Miscellaneous Expense	(4,000)	(3,000)	(7,000)
Interest Income	6,000	5,250	11,250
Overall Net Income (Loss)	(25,000)	125,250	100,250

Assume use of the daily method and that Omniocular allocates income between the short S and C corporation years in a way that minimizes the double taxation of its income. If Barrys stock basis in his Omniocular stock on January 1, 2016, is $50,000, what is his stock basis on December 31, 2016?