During the year, an 5 corporation incurs a $80,000 net operating loss. Corrine, the sole shareholder, has a $65,000 stock basis, and there is a $75,000 balance in AMA at the beginning of the year. Which statement is correct? At the end of the year, thore is a zero basis in both Corrine's stock basis and the MM Corrive may deduct $75,000 of the loss Corrine may show a $30,000 loss deduction on her form 1040. A.t the end of the year, Corrine has a zero basis in the stock, and there is a negative $5,000 batance in the MM