Noelle, the owner of all of the shares of ClockCo, an S corporation, transfers her stock to Grayson on April 1. ClockCo reports a $70,000 NOL for the entire tax year, but $10,000 of the loss occurs during January-March.

Without a short-year election, $___________ of the loss is allocated to Noelle, and $__________is allocated to Grayson.

If the corporation makes the short-year election, Grayson is allocated $_____________of the loss.