Term eams ents 57 Question 39 Xerxes Corporation, an S-Corp, has four shareholders (Artie, Barnaby, Cally, and Doris), each of whom own the same number of shares of Xerxes. Xerxes reports the following results for the current year: Sales Minus: Cost of goods sold Gross Profit Plus: Long-term Capital Gains Plus: Tax-exempt Interest Total income Minus: Administrative Expenses Minus: Repairs Net Income O $17,100 O $18,100 At the beginning of 2022, Barnaby's basis in his Xerxes shares was $15,000. What is his basis in those shares at the end of 2022? O $18,400 $16,000 -4,000 12,000 4,000 1,200 17,200 -1,600 O $18,800 2.5 pts -2,000 $ 13,600