Citrus Corporation is a calendar year S corporation with the following current year information: On January 1, Orange (an individual) bought 50% of Citrus Corporation stock for $60,000. How much of the operating loss may Orange deduct currently? Assume the excess business loss limitation does not apply. \begin{tabular}{c} $0,000 \\ \hline$120,000 \\ \hline$100,000 \\ \hline$60,000 \end{tabular}