As of January 1,2014,Amanda,the Sole Shareholder of Tern (A Calendar

As of January 1,2014,Amanda,the sole shareholder of Tern (a calendar year S corporation) ,had a basis in her stock of $50,000.During 2014,Tern had a net operating loss of $100,000 and distributed a $70,000 dividend to Amanda.What is Amanda's basis in her Tern stock as of January 1,2015?

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