At the beginning of Year 1 Ms. Mushroom, an individual, purchased a 20 percent interest in Fungi Partnership for $24,000. Ms. Mushroom's Schedule K-1 reported that her share of Fungi's debt at year-end was $18,000, and her share of ordinary loss was $37,200. On January 1, Year 2. Ms. Mushroom sold her interest to another partner for $2,600 cash. Required: a. How much of her share of Fungi's loss can Ms. Mushroom deduct on her Year 1 tax return? b. Compute Ms. Mushroom's recognized gain on sale of her Fungi Partnership Interest, c. How would your answers to parts a and change if Fungi were an S corporation instead of a partnership