Laurie is a 70% shareholder in Martin Ltd., a calendar year S corporation. As of January 1, 2024, Laurie's basis in her stock investment was $400,000. During 2024, she made an additional capital contribution to Martin of $90,000 and also loaned the corporation $80,000. During 2024, Martin incurred an operating loss of $900,000. One of the results of these transactions as to 2024 is that:

a. Laurie can recognize a loss of $630,000.

b. Laurie can recognize a loss of $400,000.

c. Laurie can recognize a loss of $570,000.

d. As of January 1, 2025, Laurie's basis in her stock is a negative $60,000.