Question: In 2 0 2 1 , Gerald loaned Main Street Bakery $ 4 3 , 5 0 0 with whom he had a business relationship.

In 2021, Gerald loaned Main Street Bakery $43,500 with whom he had a business relationship. In 2022, he learned that he would probably receive only $4,785 of the loan. In 2023, Gerald received $2,175 in final settlement of the loan.
Required:
Calculate Geralds possible deductions with respect to the loan for 2021,2022, and 2023.
Note: Leave no cells blank. Enter "0" wherever required.

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