Sunita is a one-third owner in Bikes-R-Us, an S corporation that experienced a $51,000 loss this year (year 1). Assume her stock basis is $12,400 at the beginning of the year and that at the beginning of year 1 Sunita loaned Bikes-R-Us $3,600. In year 2, Bikes-R-Us reported ordinary income of $13,200.

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

Required:

1. What amount is Sunita allowed to deduct in year 1?
2. What are her stock and debt bases in the corporation at the end of year 1?
3. What are her stock and debt bases in the corporation at the end of year 2?