QUESTION 2 ABC Co. bought 2,000 shares of XYZ Inc. stock for $10/share of January 15, 2009. On September 15, 2022, ABC Co. sold 1,000 shares of the stock for $23/share. On October 2, 2022, ABC purchased an additional 1,000 shares of XYZ stock for $25/share. What is ABC's basis in its 1,000 purchased in 2022. $10,000 $12,000 $23,000 $25,000 $38,000 QUESTION 3 Simon (a single taxpayer) works as a professional model and earned $333,000 from his modeling work this year. In addition, he owns and operates two unrelated business activities. In the current year, Business A earned $170,000 of profit. Business B incurred a loss of $(395,000). Ignoring any possible basis limitation and potential Section 199A deduction, how much of Simon's $395,000) Business B loss will he be able to deduct in the current year? $0 $136,000 $170,000 $250,000 $395,000