Lucy has AGI of $131,000 before considering losses from some rental real estate she owns (she actively participates). She had the following losses from her rental property: Rental property 1 5(27,500) Rental property 2 (11,500) Required: a. How much of the losses can Lucy deduct? b. If Lucy's AGI before the losses was $99,000, how much of the losses can she deduct? Complete this question by entering your answers in the tabs below. How much of the losses can Lucy deduct? Note: Do not round intermediate calculations and round your final answers to nearest whole dollar amount