plz help asap

- Funky Chicken is a calendar year general partnership with the following current year information: Operating loss $(300,000) Liabilities: Note payable, Big Bank 30,000 Note payable, June Cross 20,000 On January 1 June Cross bought 40% of Funky Chicken for $45,000. How much of the operating loss may Cross deduct currently? Assume the excess business loss limitation does not apply. $57,000 $80,000 $65,000 $75,000