68.Suppose at the beginning of 2015, Jerry's basis in his S corporation stock was $27,000 and that Jerry has loaned the S corporation $10,000. During 2015, the S corporation reported an $80,000 ordinary business loss and no separately stated items. After any loss deductions this year, what is Jerry's stock and debt basis at the end of the year if Jerry is a 50% shareholder of the S corporation?

A. $27,000 stock basis; 10,000 debt basis.

B. $0 stock basis; $10,000 debt basis.

C. $67,000 stock basis; $10,000 debt basis.

D. -$13,000 stock basis; $10,000 debt basis.

E. None of these.