Cactus Corporation, an S corporation, had accumulated earnings and profits of $100,000 at the beginning of 2017. Tex and Shirley each own 50% of the stock and have a basis in their stock of $50,000 on January 1, 2017. Cactus does not make any distributions during 2009, but had $200,000 of ordinary income. In 2018, ordinary income was $100,000 and distributions were $100,000. What is Tex's basis at January 1, 2019?