Farell is a member of Slerra 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 $259,000 tax basis in his LLC interest that includes his $244,000 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 $259,000. 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 $294,000. 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 applicable. Assume Farells Riverwoods K-1 indicates passive income of $26,000. Required: b-1. Determine how much of the Slerra 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