Required information [The following information applies to the questions displayed below.] Damarcus is a 50 percent owner of Rockit (a business entity). In the current year, Rockit reported a $100,000 business loss. Answer the following questions associated with each of the following alternative scenarios. Note: Leave no answer blank. Enter zero if applicable. a. Rockit is organized as a C corporation and Damarcus works full time as an employee for Rockit. Damarcus has a $20,000 basis in his Rockit stock. How much of Rockit's loss is Damarcus allowed to deduct against his other income? Allowable deduction of loss