In 2022. Theo, a vingle taxpayer, operates a vole proptictorthip in which be materially participates. His proprictoritipg generates gross income of $320,000 and deductions of $600,000, rewiling is a loss of $280.000. The large dedostions are due to the scquivition of equigment and the use of intmediste expense and additional firteyear depreciation to dedust all of the acquinitions. What is Theo's excen businees loss for the year? a. 510,000 cs5270,000 d. 3280.000