Ted purchased all of the stock of Funster Manufacturing Corporation in 201 1 for $170 , 000 . Under Ted's leadership ," Funster Manufacturing soon became unprofitable , and Ted decided to liquidate Funster as of the close of business on June 30 , 2013 . All of Funster's assets were needed to pay third-party creditors , and Ted received nothing for his $170, 000 investment . @ ) Describe the amount and character of Ted's loss . 6 ) How would your anser to ( a ) change if Funster Manufacturing were instead owned by TED Corporation ?"