Nicole is a shareholder in Shaquille, Inc., an S corporation. She has a $15,000 stock basis and a $10,000 basis in debt owed to her by Shaquille, Inc. For 2020, Nicole's pro rata share of the S corporation's loss was $30,000. What statement is true? A Nicole may recognize only $25,000 of the loss B Nicole may recognize only $15,000 of the loss (C) Nicole may recognize the full $30,000 loss. (D) None of the above