OC. $15,000 Burns Corp. has been a calendar-year S corporation since its inception on January 2, Year 1. On January 1, Year 5, Bob and Larry each owned 50% of the Burns stock, in which their respective tax bases were $15,000 and $12,000. For the year ended December 31, Year 5, Burns had $78,000 in ordinary business income and $8,000 in tax-exempt income. Burns made a $47,000 cash distribution to each shareholder on December 31, Year 5. What was Bob's tax basis in Burns after the distribution? O A. $19,000 O B. $7,000 O D. $11,000 2