During the year, an S corporation incurs a $110,000 net operating loss. Eloise, the sole shareholder, has a $75,000 stock basis, and there is a $100,000 balance in AAA at the beginning of the year. Which statement is correct?

a. Eloise may show a $110,000 loss deduction on her Form 1040

b. At year end, both Eloises stock basis and the AAA are 0

c. At year end, Eloise has a 0 basis in the stock, and there is a -$10,000 balance in the AAA

d. Eloise may show a $100,000 loss deduction on her Form 1040

e. None of the above