Problem 11-44 (Algorithmic) (LO. 3, 9) Leon sells his interest in a passive activity for $139,500. Determine the tax effect of the sale based on each of the following independent facts: If an amount is zero, enter "O". a. Adjusted basis in this investment is $48,825. Losses from prior years that were not deductible due to the passive activity loss restrictions total $53,708. The taxable gain is $ 53,708 X The suspended losses at the end of the year are s 0 Feedback b. Assume the same sales price but the adjusted basis in this investment is $104,625. Losses from prior years that were not deductible due to the passive activity loss restrictions total $53,708. The deductible loss is s 104,625 X The suspended losses at the end of the year are si 0 Feedback C. Assume the same sales price but the adjusted basis in this investment is $104,625. Losses from prior years that were not deductible due to the passive activity loss restrictions total $53,708. In addition, suspended credits total $13,950. The deductible loss is $ X The suspended losses at the end of the year are s