Maria is a sole shareholder in Austin Corporation, an S Corporation. At the beginning of last year, her basis in her Austin stock was $300,000. Austin also had a debt of $150,000 owed to unrelated parties. Last year she loaned Austin $250,000, and it generated a loss of $400,000. 

1. What was her basis in the stock and the loan at the end of last year?

2. Assuming the same facts, suppose that in the current year the income of Austin is $220,000. What would be Maria's basis in the stock and the loan at the end of the current year?