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. What is Jerry's stock and debt basis after these transactions? $0 stock basis; $8,000 debt basis. $0 stock basis; $10,000 debt basis. $5,000 stock basis: $10,000 debt basis. $5,000 stock basis; $3,000 debt basis. None of these