During the current year, Inge sells stock purchased three years ago at a loss of $9,000. She also…

During the current year, Inge sells stock purchased three
years ago at a loss of $9,000. She also owns a 10% interest in Chatham, Inc.,
which is organized as an S corporation. Chatham reports ordinary income of
$80,000 and a short-term capital gain of $30,000 during the current year. What
are the effects of these two investments on Inge’s taxable income?