Grafton Company, formed in 1987 by its current shareholders, is a calendar-year taxpayer. Grafton had accumulated earnings and profits of $120,000 as of December 31, 2019. During 2019, Grafton made distributions (on the same date) to each of its shareholders as follows: Percentage Total Shareholder's Shareholder of Ownership Distribution Basis Ms. Marshall 40% $60,000 $12,000 Mr. Stone 60% $90,000 $25,000 What is the amount of total income from the above distribution that Mr. Stone should report from Grafton Company