7 Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $64,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $21,000. In year 1, Beau Geste incurs a loss of $201,000 and does not make any distributions to the partners. oints In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $62,500. This includes $13,500 of passive income from other passive activities. In year 2, Beau Geste earns income of $37,400. In addition, Molly contributes an additional $34,180 to Beau Geste during year 2. Molly's AGI in year 2 is $68,200 (excluding any income or loss from Beau Geste). This amount includes $9,540 in income from her other passive investments. a. Based on the above information, determine the following amounts: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) $ 21,000 (21,000) $ 0 At-Risk Amount: Initial year 1 amount: Allowed loss: End of year 1 at-risk amount Contribution for year 2 BG Income Allowed loss End of year 2 at-risk amount $ 34,180 11,220 39,300 6,100 Complete this question by entering your answers in the tabs below. Req B1 Req B2 What are the cumulative total passive suspended losses at the end of year 2? Cumulative total passive suspended losses 23,040 Complete this question by entering your answers in Req B1 Req B2 Based on the above information, complete the following tal $ Year 2 AGI: AGI before Beau Geste: Year 2 passive income from Beau Geste Year 2 allowed passive losses Year 2 AGI 68,200 9,540 29,760 X 47,980 X $ Based on the above information, complete the following table: Year At-Risk Allowed Loss Passive Passive Activity Activity Loss Allowed Disallowed 7,500 $ 13,500 29,760 X 9,540 1 $ $ 21,000 39,300 N