Yahoo Mail @ 29% 6:03 PM 7. Gene Grams is a 45% owner of a calendar year S corporation during the tax year. His beginning stock basis is $230,000, and the S corporation reports the following items. Ordinary income $72,000 Short-term capital gain 16,000 S 1231 loss 6,000 Tax-exempt interest income 5,000 Calculate Grams's stock basis at year-end