Two years ago, Susan Smith and Jane Jones formed an S corporation, in which they each owned a 50% interest. Susan contributed $50,000 in cash, while Jane contributed $30,000 in cash, as well as $20,000 of appreciated securities. Jane's basis in those securities was $12,000. After the first year, the S corporation generated $40,000 of profit. Each shareholder received a $15,000 cash distribution at that time. The business then suffered a loss of $6,000 in the second year of operation. Because of the firm's poor cash position, each shareholder received a nominal cash distribution of $1,000 at the end of the second year. How much was Jane's basis in the S corporation after the second year?