Problem 10-28 [LO 10-6, 10-7] On January 1. 2017 Leo paid $18,000 for 5 percent of the stock in BLS, an S corporation. In November, he loaned $9,000 to BLS in return for a promissory note. BLS gener 2018 ated a $630,000 operating loss in 2017. BLS generated $411,000 ordinary business income in a. How much of Leo's share of this income is included in his 2018 taxable income? b. Compute Leo's basis in his BLS stock and his BLS note at the end of 2018. c. How would your answers to parts a and b change if BLS's ordinary business income was only $223,000? Complete this question by entering your answers in the tabs below. Req A and B Req C a. How much of Leo's share of this income is included in his 2018 taxable income? b. Compute Leo's basis in his BLS stock and his BLS note at the end of 2018. Taxable i BLS Stock BLS Note Req C >