Acme, Inc. is аn S cоrpоrаtiоn. On Jаnuary 1, 20Y2, Pierce’s basis in her stock of Acme is $70,000. The K-1 that Pierce receives from Acme for 20Y2 reports the following: Ordinary business income $35,000 Dividend income $6,000 Tax-exempt interest income $8,000 Nondeductible expenditures $3,000 Cash distributions to Pierce $10,000 What is Pierce’s basis in her stock of Acme on December 31, 20Y2?