Bryan Corporation,an S Corporation Since Its Organization,is Owned Entirely by Mr.Bryan.The

Bryan Corporation,an S corporation since its organization,is owned entirely by Mr.Bryan.The corporation uses a calendar year as its taxable year.Mr.Bryan paid $120,000 for his Bryan stock when the corporation was formed on January 1 of this year.For this year,Bryan Corporation reported the following results:

Distributions of $40,000 were made during the year.What is the basis of Mr.Bryan's stock on December 31?

A) $163,000
B) $165,000
C) $203,000
D) $205,000