Mandy, who has AGI of $80,000 before considering rental activities, actively participates in three separate real estate activities. She has $12,000 losses from Activity A, $18,000 of losses from activity B, and income of $10,000 from Activity C. She owns 20% of each activity. What is the effect of the activities on Mandys AGI? Ignore any at-risk limitations. How would your answer change if she was NOT an active participant in the real estate activities?