Greiner, Inc., a calendar year S corporation, holds no AEP. During the year, Chad, an individual Greiner shareholder, receives a cash distribution of $190,000 from the entity. Chad's basis in his stock is $152,000.

If an amount is zero, enter "0".

a. Compute Chads ordinary income and capital gain from the distribution. Chad recognizes ordinary income of $ and a capital gain of $.

b. What is his stock basis after accounting for the payment? after the distribution.