Jessica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $52,200 loss this year (year 1). Assume her stock basis is $12,880 at the beginning of the year and that at the...

Jessica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $52,200 loss this year (year 1). Assume her stock basis is $12,880 at the beginning of the year and that at the beginning of year 1 Jessica loaned Bikes-R-Us $3,720. In year 2, Bikes-R-Us reported ordinary income of $13,440.

What is her debt bases in the corporation at the end of year 2?