PE Cornell owns activity Z with suspended passive losses from prior years of $13,000 that are carried into the current tax year. In the current year, Cornell becomes a material participant in activity Z. This year activity Z generates $6,000 of income. If Cornell has AGI of $64,000 before considering the effects of activity 2, then the net etfect of activity Z on Cornell's tax situation will be AGIO 570.000 and a panive foss carryover to next year of $13.000 AGIO $51/90 and a possivelon carryover to next year of 50. AGE OF 504.000 and pose loss cherover to next year of $7.000, AGER 567,000 and a passive loss carryover to next year of 50