22. LO.4, 7 Sweetie, a calendar year S corporation, reports an ordinary loss of $80,000 and a capital loss of $20,000. Mei Freiberg owns 30% of the corporate stock and holds a $24,000 basis in the stock. Determine the amounts of the ordinary loss and capital loss, if any, that flow through to Freiberg. Prepare a memo for the tax research files explaining your computations.