Becker CPA Review 7-1 Mark and Lucy owned two stocks, Tinker Inc., and Chance Inc., that became worthiess during year 8 . The adjusted basis in Tinker was $300,000. Tinker was incorporated in year 2 , and Mark and Lucy purchased their stock in year 4 . Their adjusted basis in Chance was $200,000. Chance was incorporated in year 2 , and Mark and Lucy were original stockholders. Both stocks were purchased for cash, and each corporation had total capital of $500,000. How much ordinary loss can Mark and Lucy deduct on their joint year 8 tax retum as a result of these transactions? a. 90 b. $100,000 c. 5200,000 d. 5300,000