At the beginning of the current tax year, McCallister, Inc….

At the beginning of the current tax year, McCallister, Inc. reports balances in AAA of $9,000 and AEP of $5,000. McCallister has two equal shareholders, Peter and Kate, each having stock basis of $20,000 at the beginning of the tax year. For the current year, Mc Callister has taxable ordinary income of $6,000 and distributes $9,000 to each shareholder. No elections were made for the current year. Determine Peter’s stock basis at the end of the year.