Mack S corporation is owned 50/50 by Mackenzie and Craig. At the beginning of the year Mack's stock basis was $40,000 and Craig's stock basis was $10,000. Craig loaned the entity $40,000 during the year. Mackenzie made a new capital contribution to the entity of $30,000. The entity made $50,000 cash distribution to Mackenzie and $50,000 cash distribution to Craig. In addition it reported the following total activity: Ordinary Business Income Long Term Capital Gain Charity Contribution Dividend Income Tax Exempt Interest Income $338,000 8,000 10,000 5,000 3,000 What is Craig's end of year stock basis?