As of January 1,2012,Donald,the Sole Shareholder of Sandpiper (A Calendar

As of January 1,2012,Donald,the sole shareholder of Sandpiper (a calendar year C corporation) ,had a basis in his stock of $50,000.During 2012,Sandpiper had an operating loss of $100,000 and distributed a $70,000 dividend to Donald.As of January 1,2012,Sandpiper had accumulated E & P of $200,000.What is Donald's basis in his Sandpiper stock as of January 1,2013?

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