White Corporation is a closely held C corporation and is not a personal service corporation. In 2019, White Corporation had $150,000 of passive activity losses, $120,000 of active business income, and $30,000 of portfolio income. The at-risk limitations do not affect the deductibility of the loss, and there are no carryovers of suspended losses. How much of the passive activity loss can White Corporation deduct in 2019?

a. $0

b. $30,000

c. $120,000

d. $150,000

e. None of the above is correct.