Suppose that at the beginning of 2019 Jamaal's basis in his S corporation stock is $0, he has a $0 debt basis associated with a $10,000 loan he made to the S corporation, and he has a $5,000 suspended loss from the S corporation. In 2019, Jamaal contributed $8,000 to the S corporation, and the S corporation had ordinary income of $4,000. Assume that Jamaal owns 40 percent of the S corporation. What is Jamaal's stock and debt basis at the end of 2019?

	a.	$9,600 stock basis; $0 debt basis.
	b.	None of the choices are correct.
	c.	$0 stock basis; $4,600 debt basis.
	d.	$4,600 stock basis; $0 debt basis.
	e.	$0 stock basis; $9,600 debt basis.