Five years ago Gerald invested $184,000 in a passive activity, his sole investment venture. On January 1, 2020, his amount at risk in the activity was $36,800. His shares of the income and losses were as follows: Year 2020 Income (Loss) ($55,200) (36,800) 2021 2022 147,200 Gerald holds no suspended at-risk or passive activity losses at the beginning of 2020. if an answer is zero, enter "0". Year a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2020 and 2021? Loss Allowed Suspended 2020 ($55,200) (536,800) 2021 Total 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 20217 a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2020 and 20217 Year Loss Allowed Suspended 2020 ($55,200) 2021 ($36,800) Total 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 In 2020 due to the passive loss rules and of the allowable at- risk loss from 2021, Gerald may deduct in 2021 due to the passive loss rules. C. Assuming Gerald has $147,200 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