Rose dies with passive activity property having an adjusted basis of $98,800, suspended losses of $31,616, and a fair market value at the date of her death of $138,320. Of the $31,616 suspended loss existing at the time of Rose's death, how much is deductible on her final return or by the beneficiary?

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: