Brenda and Kipp are not related. During 2021, Brenda loans Kipp $30,000, which he intends to use to establish a small business Under the terms of the loan Kipp agrees to repay Brenda the $30,000 plus interest (at a reasonable stated rate) over a five-year period. The business is unsuccessful, and Kipp is forced to file for bankruptcy in 2022. By the end of 2022, it is estimated that the creditors will receive only 45% of the amount owed. In 2023 the bankruptcy proceedings are closed, and the creditors receive 15% of the amount due on the debt. Requirement What is Brenda's bad debt deduction for 2022? For 2023? (Complete all input fields Enter a "0" if no bad debt deduction can be taken) Brenda's bad debt deduction for 2022 will be Brenda's bad debt deduction for 2023 will be

Erenda and Kipp are not ielated. During 2021, Brenda loans Kipp $30.000, which he intends to use to estabish a senal tusiness. Under the leans of the loan Kepp agrees to iepay Brenda the $30000 plus interest (at a reasonatio stated rate) over a five-year peribd. The butiness is unsuctessful and Klop is faeced to file for bankiruptcy in 2022 By the and of the debt Requirement Bienda's bad debt deduction for 2022 will be Brenda's bad debt deduction for 2023 will be