At the beginning of Year 1Ms. Mushroom, an indlvidual, purchased a 15 percent interest in Fungi Partnership for $23,000. Ms. Mushroom's Schedule K1 reported that her share of Fungi's debt at year-end was $22,000, and her share of ordinary loss was $41,550. On January 1, Year 2, Ms. Mushroom sold her interest to another parther for $3,000 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 b change if Fungi were an S corporation instead of a partnership? Complete this question by entering your answers in the tabs below. How much of her share of Fungi's loss can Ms. Mushroom deduct on her Year 1 tax return? Compute Ms. Mushroom's recognized gain on sale of her Fungi Partnership interest. How would your answers to parts a and b change if Fungi were an S corporation instead of a partnership