Required information Problem 7-51 (LO 7-2) (Algo) [The following information applies to the questions displayed below.] Three years ago, Adrian purchased 370 shares of stock in X Corporation for $46,620. On December 30 of year 4, Adrian sells the 370 shares for $42,920. (Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.) Problem 7-51 Part-a (Algo) a. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on her year 4 tax return? Deductible loss Required information Problem 7-51 (LO 7-2) (Algo) [The following information applies to the questions displayed below.) Three years ago, Adrian purchased 370 shares of stock in X Corporation for $46,620. On December 30 of year 4, Adrian sells the 370 shares for $42,920. (Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.) Problem 7-51 Part-b (Algo) b. Assuming Adrian has no other capital gains or losses, except that on January 20 of year 5, Adrian purchases 370 shares of X Corporation stock for $42,920. How much loss from the sale on December 30 of year 4 is deductible on Adrian's year 4 tax return? What basis does Adrian take in the stock purchased on January 20 of year 5? Deductible loss Basis