4. Stooges inc., a caendar year s corporation is partly owned by larry whose beginning stock basis is $32,000. During the year, larry's share of stooges inc income and losses are as follows:

Ltcg $5,000

ordinary loss $13,000

Larry also receives a cash distribution of $20,000. Compute the following.

1. larry's deductible loss
2. larry's suspend loss (if any)
3. larry's new basis in his stooges stock