McD, Inc., has been an Scorporation since its inception. On July 15, 2020, McD, Inc., distributed $66,000 to Ronald. Ronald's basis in his McD, Inc. stock on January 1, 2020, was $69,000. For 2020, Ronald was allocated $14,000 of ordinary income from McD, Inc., and no separately stated items. During 2020, McD took out a nonrecourse loan of $5,000, What is Ronald's basis in his McD, Inc., stock after all transactions in 2020? Multiple Choice O $17.000 $52.000 None of the choices are correct Multiple Choice O $17,000 O $52.000. O None of the choices are correct. O $38,000. $24,000