Farell is a member of Sierra Vista LLC. Although Sierra Vista is involved in a number of different business ventures, it is not currently involved in real estate either as an investor or as a developer. On January 1, year 1 , Farell has a $154,000 tax basis in his LLC interest that includes his $141,000 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 $154,000. 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 $179,000. As a partner in the Riverwoods Partnership, he also has year 1 , Schedule K1 passive income of $10,000. Farell is single and has no other sources of business income or loss. Note: Leave no answer blank. Enter zero if applicable. Assume Farell's Riverwoods K-1 indicates passive income of $26,000. Required: b-1. Determine how much of the Sierra 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-risk, and passive activity loss limitations