As of January 1, 2020, Donald, the Sole Shareholder of Sandpiper

As of January 1, 2020, Donald, the sole shareholder of Sandpiper (a calendar year C corporation) , had a basis of $50,000 in his stock.During 2020, Sandpiper incurred an operating loss of $100,000 and distributed a $70,000 dividend to Donald.As of January 1, 2020, Sandpiper held accumulated E & P of $200,000.What is Donald's basis in his Sandpiper stock as of January 1, 2021?

A) ($120,000)
B) ($20,000)
C) $0
D) $50,000