Swallow, Inc., a calendar year S corporation, has an operating loss of $120,000 and a long-term capital loss of $40,000. Wren, an individual, owns 40% of the corporate stock and has a $40,000 basis in the stock. What is the amount of the NOL that flows through to Wren? O $16,000. O $30,000. O $64,000. O $46,000