Suppose at the beginning of 2015. Jerry's basis in his S corporation stock is $1,000 and he has a $10,000 debt basis associated with a $10,000 loan he made to the S corporation. In 2015, Jerry's share of S corporation income is $4,000, and he received a $7,000 distribution from the S corporation. How much income does Jerry report in 2015 from these transactions? $0 $4,000. $6,000. $7,000. None of these