Romeo's Schedule K-1 (Form 1120-S) from the S corporation Murdock Inc. for the current tax year shows his share of items as follows: $19,000 in ordinary business income, $4,000 in ordinary dividends, $800 in charitable contributions, and a $8,000 distribution, which affects his basis. Romeo's adjusted basis at the beginning of the tax year was $13,750, and nothing else during the year has affected his basis. What is Romeo's adjusted basis in Murdock Inc. at the end of the tax year?

a) $45,550 b) $43,950 c) $35,950 d) $27,950