Five years ago, Gerald invested $166,000 in a passive activity, his sole investment venture. On January 1, 2017, his amount at risk in the activity was $33,200. His shares of the income and losses were as follows: Year Income (Loss) 2017 ($49,800) 2018 (33,200) 2019 53,200 Gerald holds no suspended at-risk or passive activity losses at the beginning of 2017. If an answer is zero, enter "0". a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2017 and 2018? Year Loss Allowed Suspended 2017 ($49,800) $ $ 2018 ($33,200) Total $ b. Refer to the information in part (a) above. Assuming Gerald has $53,200 income in 2019, what is his taxable income from the activity in 2019 under at-risk rules? $ c. If losses were limited by the at-risk and passive activity loss rules, how much would Gerald be able to deduct in 2017 and 2018? 2017: $ 2018: $ d. Assuming Gerald has $53,200 income in 2019, (and considering both at-risk and passive activity loss rules), what is the amount of Gerald's suspended passive activity losses at the end of 2019? $ At the end of 2019, what is the amount of Gerald's adjusted basis in the activity? $