Funky Chicken Is a Calendar Year S Corporation with the Following

Funky Chicken is a calendar year S corporation with the following current year information:
Operating loss $\quad$$\quad$$\quad$$\quad$$\quad$ $ (300,000 )
Liabilities:
Note payable, Big Bank $\quad$$\quad$$\quad$ 30,000
Note payable, June Cross $\quad$$\quad$ 20,000
On January 1 June Cross bought 60% of Funky Chicken for $45,000. She then loaned the company $20,000. How much of the operating loss may Cross deduct on her Form 1040? Assume the excess business loss limitation does not apply.

A) $57,000
B) $80,000
C) $65,000
D) $75,000