Problem 6-33 (Algorithmic) (LO. 5, 6, 8) Five years ago, Gerald invested $196,000 in a passive activity, his sole investment venture. On January 1, 2020, his amount at risk in the activity was $39,200. His shares of the income and losses were as follows: Year 2020 2021 2022 Income (Loss) ($58,800) (39,200) 156,800 Gerald holds no suspended at-risk or passive activity losses at the beginning of 2020. If an answer is zero, enter "0". a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2020 and 20217 Year Loss 2020 ($58,800) 2021 ($39,200) Total Allowed Suspended 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 Gerald be able to deduct in 2020 and 2021?