Clampett, Incorporated, Has Been an S Corporation Since Its Inception

Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2021, Clampett, Incorporated, distributed $68,000 to J.D. His basis in his Clampett, Incorporated, stock on January 1, 2021, was $72,000. For 2021, J.D. was allocated $12,000 of ordinary income from Clampett, Incorporated, and no separately stated items. What is J.D.'s basis in his Clampett, Incorporated, stock after all transactions in 2021?

A) $56,000
B) $44,000
C) $32,000
D) $16,000
E) None of the choices are correct.