Five years ago Gerald invested $126,000 in a passive activity, his sole investment venture. On January 1, 2020, his amount at risk in the activity was $25,200. His shares of the income and losses were as follows: Year 2020 2021 2022 Income (Loss) ($37,800) (25,200) 100,800 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 ($37,800) 2021 ($25,200) Total Allowed Suspended 25,200 12,600 0 25,200 37,800 b. Refer to the information in part (a) above. If losses were limited by the at-risk and the passive activity loss rules, how much would Gerald be able to deduct in 2020 and 2021? Of the allowable at-risk loss for 2020, Gerald may deduct $ risk loss from 2021, Gerald may deduct $ 0 in 2020 due to the passive loss rules and of the allowable at- 0 in 2021 due to the passive loss rules. c. Assuming Gerald has $100,800 income in 2022, (and considering both at-risk and passive activity loss rules), what is the amount of Gerald's suspended losses at the end of 2022? Suspended under the at-risk rules: $ Suspended under the passive activity loss rules: What is his taxable income for 2022? $ At the end of 2022, what is the amount of Gerald's adjusted basis in the activity? $