Five years ago, Gerald invested $116,000 in a passive activity, his sole investment venture. On January 1, 2020, his amount at risk in the activity was $23,200. His shares of the income and losses were as follows: Year 2020 2021 2022 Income (Loss) ($34,800) (23,200) 92,800 Gerald holds no suspended at-risk or passive activity losses at the beginning of 2020. If an answer is zero, enter "0". a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2020 and 2021? Year Loss 2020 ($34,800) 2021 ($23,200) Total Allowed 23,200 Suspended 11,600 0 23,200 34,800