Lighthouse Inc a calendar year s corp has one shareholder. Bens beginning of the year basis equals 22000. Lighthouse recognizes the following items during the current year: ORdinary loss of 30000, NC municipal bond interest income of 80000 and long term capital gain of 4000. Furthermore, Lighthouse distributes 25000 to ben on Oct 31. What are the tax consequences of the income and distribtuion items to Ben