Tom, the sole shareholder of Blue Corporation, sold her stock to Jim on July 1 for $90,000. Tom's stock basis at the beginning of the year was $60,000. Blue Corporation made a $30,000 cash distribution to Tom immediately before sale, while Jim received a $60,000 cash distribution from Blue Corporation on November 1. As of the beginning of the current year, Blue Corporation had $16,000 in accumulated E & P (earnings and profits), while current E & P (before distributions) is $30,000. What is Jim's stock basis, dividend, and reduction in stock basis?