In the current year clay reports income and losses from the following activities: activity x $28,000activity y (10,000)activity z (20,000)salary 100,000activities x, y, and z are all passive with respect to clay. activity z has $40,000 in passive losses which are carried over from the prior year. in the current year clay sells activity z for a taxable gain of $30,000.a) what is the amount of loss that clay may deduct and what is the amount that must be carried over in the current year? b) based solely on the amounts above, compute clay's agi for the current year.