Question 11 10 pts On January 1, Year 1, X, an individual, paid $15,400 for 5 percent of the stock in 2 Corp, an corporation. In November, he loaned $8,700 to 2 Corp. in return for a promissory note. Corpgenerated a 5992,000 operating loss in Year. How much of his share of the loss can X deduct on his Year 1 return