John owns all the shares of Alpha S Corp reporting on the calendar year. On the 1st day of year 1, his basis in the shares of Alha is $0. During year 1,Alpha recognizes $100 of ordinary income and $45 of capital gain income, whias recognized by John on his year ! form 1040. thus John's basis in the shares of Alpha is $145 at the end of year 1. during year 2 there were no income or expense items. Alpha distributes $110 to John during year 2. how much income does recognize pursuant to the distribution in year 2?