Bill and Guilda each own 50 percent of the stock of Radiata Corporation, an S corporation. Guildas basis in her stock is $25,000. On July 31, 2015, Bill sells his stock, with a basis of $40,000, to Loraine for $50,000. For the 2015 tax year, Radiata Corporation has a loss of $100,375.

a.Calculate the amount of the corporations loss that may be deducted by Bill on his 2015 tax return.$____________

b.Calculate the amount of the corporations loss that may be deducted by Guilda on her 2015 tax return.$____________

c.Calculate the amount of the corporations loss that may be deducted by Loraine on her 2015 tax return.$____________