Quail Corporation, a calendar year corporation that began doing business on January 1, 20X1, had accumulated earnings and profits of $20,000 as of January 1, 20X5. On April 1, 20X5, Quail distributed $15,000 cash to its shareholder. Quail had a $40,000 deficit in earnings and profits for 20X5. Jennifer Jumpers, Quail's sole shareholder, had an adjusted basis of $12,000 in her Quail stock before the distribution. What is the amount of Jennifer's basis in the stock after the distribution?