XYZ Corporation (an S corporation) is owned by Jane and Rebecca, who are each 50 percent shareholders. At the beginning of the year, Jane's basis in her XYZ stock was $40,000. XYZ reported the following tax information for 2019. Description Sales revenue Cost of goods sold Long-term capital gain Dividend income Tax-exempt interest Salary to owners Amount $ 730,000 (200,000) 8,000 5,000 3,000 (120,000) (50,000) Employee wages