1. Mable is in the business of factoring accounts receivable. Last year, she purchased a $20,000 account receivable for $15,000. This year, the account was settled for $18,000. How much loss can Mable deduct and in which year? a $2,000 loss for the current year. b $2,000 loss for the prior year and $3,000 loss for the current year. c $3,000 loss for the current year. d $0. No gain or loss. e None of the other answers are correct. 2.Joshua and Antonia file a joint return. In 2011, they had the following items: Salary of $90,000. Loss of $108,000 on the sale of