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highlight answer please Clampett, Inc. has been an S corporation since its inception. On July 15, 2019, Clampett, Inc. distributed $59000 to J.D. His basis

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Clampett, Inc. has been an S corporation since its inception. On July 15, 2019, Clampett, Inc. distributed $59000 to J.D. His basis in his Clampet,Inc. stock on January 1, 2019, was $49,000. For 2019.J.D. was allocated $9,000 of ordinary income from Clampett, Inc. and no separately stated items. What is J.D's basis in his Clampett, Inc. stock after all transactions in 2019? Mutiple Choice None of the choices are correct $9.,000. $40,000 $58,000 $49,000

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