lois Ann owns 100% of New Inc an S corporation. The basis of er stock is $15,000 at January 1, 20x1. New Inc reports the following during 20x1: 1. taxable income $10,000 2. Interest income from tax-exempt bonds $1,000 3. Nondeductible portion of meals and entertainment $4,000 4. Charitable contribution $2,000 5. Cash distribution from New, Inc., to Lois Ann $3,000 What us the basis of Lois Ann's stock at December 31, 20x1?