don't attempt if you aren't confident in your ability. will thumbs down incorrect answers.

Required Information [The following information applies to the questions displayed below.] Jayhawk Company reports current E\&P of $310,000 and a deficit in accumulated E\&P of ($282,500). Jayhawk distributed $505,000 to Its sole shareholder, Rock, on the last day of the year. Rock's tax basis in the Jayhawk stock before the distribution is $128,750. Note: Leave no answer blank. Enter zero if applicable. Negatlve amount should be Indlcated by a minus sign. b. What is Rock's tax basis in the Jayhawk stock after the distribution