Ben Company: Please answer these questions based of the below in informations: show me how you get it.

Prior-year passive loss carryforward amounts:

($3,000) from AB limited partnership (publicly traded)

($8,000) from YZ limited partnership (publicly traded) Current-year passive income and loss amounts:

$5,000 from EF limited partnership (publicly traded)

($3,000) from HI limited partnership (publicly traded)

$10,000 from KL limited partnership (nonpublicly traded)

($14,000) from ST limited partnership (nonpublicly traded)

1).What is the total amount of passive losses that may be deducted during the current year?

A. $10,000 B. $12,000 C. $14,000 D. $18,000 E. $28,000

2) What is the net income in the current year for Ben's passive activities?

A. ($10,000) B. $(3,000) C. $0 D. $3,000 E. $5,000

3) How much is the total loss carryforward to next year?

A. $0 B. $7,000 C. $10,000 D. $13,000 E. $18,000