Carl, a remodeling contractor (not a professional service), earns $125,000 from his business in the current year. He receives $15,000 in dividends and interest during the year as well as $35,000 of income from a passive activity. In addition, he incurs a loss of $50,000 from an investment in a passive activity, in which he has $27,000 at risk at the beginning of the year. What is Carl's AGI for the current year after considering the passive investment?