Jessica is a one-third owner in Bikes-R-Us, an Scorporation that experienced a $47,400 loss this year (year 1). Assume her stock basis is $10,960 at the beginning of the year and that at the beginning of year 1 Jessica loaned Bikes-R-Us $3,240. In year 2, Bikes-R-Us reported ordinary income of $12,480. (Leave no answer blank. Enter zero if applicable.) Required: a. What amount is Jessica allowed to deduct in year 1 and year 2? b. What are her stock and debt bases in the corporation at the end of year 1? c. What are her stock and debt bases in the corporation at the end of year 2? Year 1 4,840 Year 2 1,600 s $ a. Deductible amount b-c. Stock basis Debt basis