Facts for 20 - 22. During the year, Salamander, Inc., a calendar year S corporation, incurs a $80,000 net operating loss. Walter, the sole shareholder, has a $75,000 stock basis at the beginning of the year. Walter made a direct loan to the S corporation in the amount of $20,000. The current amount outstanding is $20,000 and Walter's basis in the loan is $20,000. No distributions are made to Walter during the current year. At year end, Walter has a $ ___ basis in the stock. At the end of the year, Walter has $___ basis in the loan to Salamander. The total amount of the net operating loss that can be deducted by Walter for the current year is: $___