Five years ago Gerald invested $130,000 in a passive activity, his sole investment venture, On January 1, 2021, his amount at risk in the activity was $32,500. His shares of the income and losses were as follows: Gerald holds no suspended at-risk or passive activity losses at the beginning of 2021. If an answer is zero, enter " 0 ". a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2021 and 2022 ? 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 2021 and 2022? Of the allowable at-risk loss for 2021 , Gerald may deduct \$ In 2021 due to the passive lons rules and of the allowable atrisk loss from 2022, Gerald may deduct \& in 2022 due to the passive loss rules. c. Assuming Gerald has $57,850 income in 2023, (and considering both at-risk and passive activity loss rules), what is the amount of Gerald's suspended losses at the end of 2023 ? - Suspended under the at-risk rules: 1 - Suspended under the passive activity loss rules: 5 What is his taxable income for 2023 ? At the end of 2023, what is the amount of Gerald's adjusted basis in the activity? S