03 In the current year Mike reports income and losses from the following activities: (Click the icon to view the data.) Activities X, Y, and Z are all passive with respect to Mike. Activity Z has $45,000 in passive losses which are carried over from the prior year. In the current year Mike sells activity Z for a taxable gain of $24,000. Read the requirements. Requirement a. What is the amount of loss that Mike may deduct and what is the amount that must be carried over in the current year? (Enter a "0" for amounts with a zero balance.) Loss deductible in current year Amount carried over to next year Requirement b. Based solely on the amounts above, compute Mike's AGI for the current year. Mike's AGI for the current year is Data Table $ 46,000 Activity Activity Y Activity z (18,000) (15,000) 85,000 Salary Done Enter any number in the edit fields and then continue to the next