23 Problem Materials 23-33 Ner Losses. A calendar year S corporation has the following information for the cur- rent taxable year $180,000 .(130,000) (6,000) 18,000 1,000 65,000 4,000 Sales . Cost of goods sold. Net capital loss . Salary to Z. Charitable contributions. Other operating expenses. Dividend income . Assume Z is single and her only other income is $30,000 salary from an unrelated em- ployer. She is a 40% owner with a $10,000 basis in the S stock and no corporate debt owed to her. Calculate the S corporation's net ordinary loss, Z's adjusted gross income, and the character and amount of S corporate items that flow through to her