Subjective Short Answer Each question is worth 8 points 29. CDE Corporation a closely held (nonpersonal service) C corporation, earns active income of $285,000 in the current year. The corporation also receives $15,000 in dividends and incurs a loss of $30,000 from an investment in a passive activity. What is CDE's income for the year after considering the passive investment? Show all work with appropriate explanations for full credit.