Jerry has three passive activities, A, B, and C. None of the three is an actively-managed rental real estate activity. Which of the following is false about Year 1? Year 1 Beg. Basis Year 1 Profit/(Loss) $10,000 ($13,000) B $10,000 $7,000 $10,000 $1,000 On Jerry's tax return, he will report ($8,000) of loss for activity A, $7,000 profit for B, and $1,000 profit for C. Ending basis is ($3,000) for activity A, $17,000 for B, and $11,000 for C Jerry has ($5,000) of total suspended losses at the end of Year 1. The loss suspended due to basis is ($3,000) and the suspended loss due to the passive activity loss rules is ($2,000) for activity A