White Corporation, is a closely held C corporation but is not a personal service corporation. In 2018, White Corporation has $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. How much of the passive activity loss can White Corporation deduct in 2018? a. $150,000 b. $0 c. $120,000 d. $30,000 e. None of these choices are correct.