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Jean Marc Grahams is a 45% owner of a calendar year S corporation during the tax year. His beginning stock basis is $230,000, and the

Jean Marc Grahams is a 45% owner of a calendar year S corporation during the tax year. His beginning stock basis is $230,000, and the S corporation reports the following items:

Ordinary income

$72,000

Short-term capital gain

16,000

1231 loss

6,000

Tax-exempt interest income

5,000

Calculate Grahamss stock basis at year-end. Show your calculations.

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