Widgets Inc. an S Corporation incurred a $90,000 ordinary loss and $10,000 long-term loss for 2019. Widget used the calender year as it's taxable year, as did all its shareholders. Fred owned 20% of widget voting shares all the time in the year of 2019. Fred stick has a basis at the beginning of 2019 was $ 10,000. At the end of 2019, widget was liable for the following amounts

Third party creditors- .....................$15,000

loans from fred- ...............................$9,000

loans from other shareholders- .....$3,000

a. What amount of Widget's losses can be deducted by Fred for 2019? Show computation and justification. 

b. What amount can be carried forward by Fred? Show computation. 

c. How long can the loss be carried forward?