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J and H each own 50 percent of the stock of a calendar-year S corporation that was previously operated as a C corporation. Accounts at the beginning of the current year are shown below: Corporate Accounts Stock Basis AAA AE&P OAA H PTI $10,000 $8,000 $1,200 0 1 $15,000 $10,000 During the year, operations show tax-exempt interest income of $5,000, net ordinary income of $20,000, and cash distributions of $40,000. What are J and H's stock basis at the end of the year? J=$ 8,100 H = $3,100 J=$10,400 H = $5,400 J=$5,400 H = $ 400 JS 6,700 H = $1,700