A calendar years corporation (withuot earnings and profits) incurred an ordinary loss of $20,000 for 2019. Its sole calendar year shareholder had a stock basis of $10,000 and debt with a basis of $15.000 at the beginning of 2019. The 5 corporation had ordinary income of $15,000 for 2020 and distributed $9.000 to its shareholder during 2020. As a result, what is the shareholder's debt basis as of January 1, 2021? $0 $10,000 $11,000 $15,000 An 5 corporation may deduct: Charitable contributions within the percentage of income limitation applicable to corporations. Net operating loss carryovers. Foreign income taxes. Wages paid to officers. Late filing penalties