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Sunita is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,900 loss this year (year 1 ). Assume her stock basis is

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Sunita is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,900 loss this year (year 1 ). Assume her stock basis is $10.360 at the beginning of the year and that at the beginning of year 1 Sunita loaned Bikes-R-Us $3,090. In year 2, Blkes-R-Us reported ordinary income of $12,180. 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

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