Waters Corporation is an S corporation with two equal shareholders, Mia Jones and David Kerns. This year, Waters recorded the following items of income and expense: Sales revenue $ 500,000

Interest income 6,000

Long-term capital gain 10,000

Cost of goods sold (250,000 )

Salary and wages (75,000 )

Other operating expenses (55,000 )

Waters distributed $25,000 to each of its shareholders during the year. If Mia's adjusted tax basis in her S corporation stock was $50,000 at the beginning of the year, compute her adjusted tax basis in her S corporation stock at the end of the year.