Five years ago Jake invested $148,000 in a passive activity, his sole investment venture. On January 1, 2020, his amount at risk in the activity was $29,600. His shares of the income and losses were as follows: Year Income (Loss) 2020 ($44,400) 2021 (29,600) 2022 118,400 Jake holds no suspended at-risk or passive activity losses at the beginning of 2020. If an answer is zero, enter "O". a. If losses were limited only by the at-risk rules, how much can Jake deduct in 2020 and 2021? Year Loss Allowed Suspended 2020 ($44,400) $ 2021 ($29,600) 0 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 Jake be able to deduct in 2020 and 2021? of the allowable at-risk loss for 2020, Jake may deduct $ 0 in 2020 due to the passive loss rules and of the allowable at-risk loss from 2021, Jake may deduct 0 in 2021 due to the passive loss rules. C. Assuming Jake has $118,400 income in 2022, (and considering both at-risk and passive activity loss rules), what is the amount of Jake'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 Jake's adjusted basis in the activity? $