Ramses, Inc., an S Corporation, made a distribution of $85,000 during the year to its sole shareholder, Tut.Tut had a beginning adjusted basis in his stock of $50,000.During the year, 1, Tut had capital gains of $50,000, ordinary losses of $40,000, tax-exempt income of 15,000 and non-deductible expenses of $30,000.How much of the distribution is taxable to Tut?