Sinclair is a 40% shareholder in Living, Inc., an S-corporation and her basis in her ownership interest as of January 1, Year 1 was $70,000. During Year 1 Living had $100,000 of ordinary income and $10,000 in capital losses. Living also made a $35,000 distribution to Sinclair. Sinclair had no other income during the year. What is the net effect on Sinclair's AGI for Year 1 related to her investment in Living?