Citrus Corporation is a calendar year S corporation with the following current year information: Operating loss $(360,000) Liabilities: Notes payable, Big Apple Bank 90,000 Notes payable, Grapefruit (individual) 60,000 On January 1 Grapefruit bought 60% of Citrus Corporation for $135,000. She then loaned Citrus Corporation $60,000 (the amount above under liabilities). How much of the operating loss may Grapefruit deduct currently? Assume the excess business loss limitation does not apply