All of the outstanding stock of Bryant Corporation is owned equally by three individuals. Bryant is not a personal service corporation. During the current year, Bryant had active rental real estate income of $250,000, a passive loss on the rental of an office building (acquired in 1991) of $300,000, and portfolio income of $150,000. The corporation earns more than 60% of its gross receipts from the rental real estate in which it materially participates. How much of Bryant's income may be offset by the rental loss? $250,000 rental income and $50,000 portfolio income. No income may be offset. 0 $250,000 rental income and $0 portfolio income. $0 rental income and $150,000 portfolio income