A Taxpayer Had the Following for the Current Year IIf the Taxpayer Is a Closely Held Corporation,taxable Income from \text

A taxpayer had the following for the current year:
$\begin{array}{c}\begin{array}{lll}& \text { Active}\\&\underline { \text { Income }}\\\text { Income } &\$ 75,000 \\\text { Deductions } &\underline{(45,000) }\\\text { Income(Loss) } &{\$ 30,000}\end{array}\begin{array}{lll} \text { Portfolio}\\\underline { \text { Income }}\\\$ 22,000 \\\underline {(16,000) }\\{\$ 6,000}\end{array}\begin{array}{lll} \text { Passive}\\\underline { \text { Income }}\\\$ 55,000 \\\underline {(110,000) }\\{\$(55,000) }\end{array}\end{array}$
I.If the taxpayer is a closely held corporation,taxable income from the three activities is income of $6,000.
II.If the taxpayer is an individual and the passive income is not related to a rental real estate activity,taxable income is $36,000.

A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.