As of January 1, 2017, Donald, the Sole Shareholder of Sandpiper

As of January 1, 2017, Donald, the sole shareholder of Sandpiper (a calendar year C corporation) , had a basis in his stock of $50,000. During 2017, Sandpiper had an operating loss of $100,000 and distributed a $70,000 dividend to Donald. As of January 1, 2017, Sandpiper had accumulated E & P of $200,000. What is Donald's basis in his Sandpiper stock as of January 1, 2018?

A) ($120,000)
B) ($20,000)
C) $0
D) $50,000
E) None of the above