Melanie is the sole stockholder of Machine Inc., an S corporation. Her basis in the stock as of the end of year 4 is $43,400. During year 5, Machine reported a loss of $19,000. During year 5, Melanie received a distribution of $38,000 from Machine and loaned $11,000 directly to Machine. What is Melanie’s total of stock and debt basis in Machine stock as of the end of year 5? a.$0 b.$24,400 c.$35,400 d.$54,400

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