Sunita is a one$-$third owner in Bikes$-$R$-$Us$,$ an $S$ corporation that experienced a $$49,800$ loss this year $($year $1).$ Assume her stock basis is $$11,920$ at the beginning of the year and that at the beginning of year $1$ Sunita loaned Bikes$-$R$-$Us $$3,480.$ In year $2,$ Bikes$-$R$-$Us reported ordinary income of $$12,960.$

Note: Leave no answer blank. Enter zero if applicable.

Required:

a$.$ What amount is Sunita allowed to deduct in year $1?$

b$.$ What are her stock and debt bases in the corporation at the end of year $1?$

c$.$ What are her stock and debt bases in the corporation at the end of year $2?$

$\backslash$table$[[,$Year $1,$Year $2],[$a$.$ Deductible amount,$$,15,400,,],[$b$.$ Stock basis,$$,0,$$$,4,320],[$c$.$ Debt basis,$$,0,$$$,]]$