The equal ABC partnership owns a restaurant in Dallas and a clothing store in San Diego. It has $300,000 of loss from the restaurant and $120,000 of loss from the clothing store. Partner A materially participates in the restaurant, but has little to do with the clothing store. The partnership also earns $21,000 of interest during the year. A has no passive income from other activities. How much income or loss does A have from ABC, and how much of the loss can he deduct?