Greg Brady formed Johnny Bravo, Inc. (JBI) on January 1, 20x1 by contributing $100,000 in exchange for 100% of JBI stock. JBI immediately (and properly) elected S corporation status. During 20x1, JBI earned taxable income of $20,000 and tax-exempt interest of $2,000. JBI also distributed $6,000 in cash out to Greg during 20x1. At December 31, 20x1, JBIs only liability was a loan payable to U.S. Bank for $30,000. What is Gregs basis in his JBI stock on December 31, 20x1? A. $116,000 B. $146,000 C. $100,000 D. $114,000