Owen owns all of the stock of Spruce, an S corporation. At the beginning of year 1, Owen's basis in his Spruce stock was $14,000. During year 1, Owen loaned $20,000 to the corporation and it reported a $25,000 ordinary business loss and no separately stated items. In year 2, Spruce reported $8,000 of ordinary business income. What is Owen's stock and debt basis at the end of year 2? O $0 stock basis; $17,000 debt basis O $0 stock basis; $0 debt basis O $17,000 stock basis; $0 debt basis O $9,000 stock basis; $8,000 debt basis