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On January 1, 2020, Latoya purchases 25% of an S-corporation's stock for $238.000. During 2020, the corporation earns a $40.000 profit and pays $30,000 of

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On January 1, 2020, Latoya purchases 25% of an S-corporation's stock for $238.000. During 2020, the corporation earns a $40.000 profit and pays $30,000 of dividends to its shareholders. At the end of 2020, what is Latoya's basis for the S-corporation stock she owns? $240,500 5255,500 $238.000 $248.000

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