Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonas's basis in a $89,200 loan made to Ard and evidenced by Ard's note has been reduced to $0 by prior losses. During the year, Jonas's net share of Ard's taxable income is $44,600. At the end of the year, Ard makes a $66,900 cash distribution to Jonas.

If an amount is zero, enter "0".

After these transactions, Jonas has a basis of _________ for his stock and a basis of _____________ for the debt. In addition, Jonas recognizes a [pick one: capital gain / ordinary income] of $_________________.