Michael Moore owns stock in an S corporation. The corporation sustained a net operating loss during the year. Michaels share of the loss is $5,000. His adjusted basis in the stock is $1,000. In addition, he has a loan outstanding to the corporation in the amount of $2,000. What amount, if any, is Michael entitled to deduct with respect to the loss? a. $5,000 b. $3,000 c. $2,000 d. $1,000