Question 5 1 pts Citrus Corporation is a calendar year S corporation with the following current year information: Operating loss $(1,740,000) Liabilities: Notes payable, Big Apple Bank 290,000 Notes payable, Grapefruit (individual) 290,000 On January 1, Orange (an individual) bought 50% of Citrus Corporation stock for $435,000. How much of the operating loss may Orange deduct currently? Assume the excess business loss limitation does not apply. $725,000 O $435,000 $870,000 $580,000