Which of the following partners will be allowed to deduct the entire loss shown on their Schedule K-1 (Form 1065)?

Argelio shows a $12,000 loss. His beginning basis was $10,000. He contributed $1,000 cash during the year, and his share of the partnership's liabilities increased by $2,000.

Mark shows a $20,000 loss. His beginning basis was $26,000. He took a $3,000 cash distribution, and his share of the partnership's liabilities decreased by $4,000.

Michelle shows a $36,000 loss. Her beginning basis was $40,000. She took a $10,000 cash distribution, and her share of the liabilities increased by $2,000.

Pedro shows a $42,000 loss. His beginning basis was $35,000. He contributed $10,000 cash during the year, and his share of the liabilities decreased by $4,000.