incurred a $$24,000$ operating loss. In the next year, the corporation will earn $$24,000$ of operating income. Requirements

a$.$ For the current year and next year, determine the pass$-$through items for

each shareholder and each shareholder's stock basis at the end of each

year. Also, determine Robin's debt basis at the end of each year.

b$.$ Same as Part a except the corporation also distributes $$10,300$ cash to

each shareholder at the end of next year.

c$.$ Assume the same facts as in Part b and that Halo is a partnership instead of

an S corporation. For the current year and next year, determine

the pass$-$through items for each partner and each partner's basis in his or

her partnership interest at the end of each year.

Bead the requirements.

Requirement a$.$ For the current year and next year, determine the pass$-$through items for each shareholder and each shareholder's stock basis at the end of each year. Also, determine Robin's debt basis at the end of each year. sign for a decrease to basis.$)$

$\backslash$table$[[,\backslash$table$[[$Norm Stock$],[$basis$]],\backslash$table$[[$Robin Stock$],[$basis$]],\backslash$table$[[$Robin Debt$],[$basis$]]],[$Beginning basis,,,$],[,,,],[,,,],[,,,]]$