Farell is a member of Sierra Vista LLC. Although Sierra Vista is involved in a number of different business ventures, it is not currntly involved in real estate either as an investor or as a developer. On January 1, year 1, Farell has a $142,000 tax basis in his LLC interest that includes his \$125,000 share of Sierra Vista's general liabilities. By the end of the year, Farell's share of Sierra Vista's general liabilities have increased to $142,000. Because of the time he spends in other endeavors, Farell does not materially participate in Sierra Vista. His share of the Sierra Vista losses for year 1 is $177,000. As a partner in the Riverwoods Partnership, he also has year 1 , Schedule K-1 passive income of $13,000. Farell is single and has no other sources of business income or loss. Note: Leave no answer blank. Enter zero if opplicable. Problem 20-76 Part b (Algo) Assume Farell's Riverwoods K-1 indicates passive income of $37,000. Required: b-1. Determine how much of the Sierta Vista loss he will ultimately be able to deduct on his tax return for year 1. b-2. List the losses suspended due to tax-basis, at itsk, and passive activity foss limitations