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So I'm not real clear that you are preparing this correctly:

• If your facts provided are reflecting the lines on form 7203, you need to revisit that form.
• Your beginning basis figure on line 1 I must assume is correct.
• You shouldn't have anything on line 2 based on your facts.
• Line 3a will be your $20,275
• Line 5 will be $95,275
• Line 6 will be your share of the distribution $26,500
• And then the rest of the form should be completed with the applicable lines; if necessary
• Based on the above, absent any other facts, you will have stock basis at the end of the year of $68,775.
• Not sure why you are wanting to reflect the $26,500 as nondeductible.  Just show these as distributions.
• What I am not sure of is whether the income figure you are showing includes the $26,500 as a deduction or not.
• Since you are paying yourself a wage, can't say whether this will be considered reasonable if questioned by the IRS, but at the moment, since your distribution does not exceed your stock basis, it is not taxable and does not get reported on your personal tax return as income.  
• Not sure what software you are using, but just show the personal expenses as a distribution to yourself and not as an expense (nondeductible expense).
• Going forward, just remember to keep your business records clean and void of any personal expenses.
• As stated previously, not sure what software you are using, but to take a distribution (not a wage), you would just Debit the distribution account and Credit cash.  Also make sure that all distributions are equal.  Since you are married filing a joint return, doubtful unequal distributions would be fatal; plus you could fix it upon audit.  But best to avoid this in the first place.