In the past several years, Shakira had loaned money to Shakira Inc. (an S corporation) to help the corporation keep afloat in a downturn. Her stock basis in the S corporation is now $0, and she had deducted $58,500 in losses that reduced her debt basis from $130,000 to $71,500. Things appear to be turning around this year, and Shakira Inc. repaid Shakira $26,000 of the $130,000 outstanding loan. What is Shakiras income, if any, on the partial loan repayment?

shakira's income: