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