If a Taxpayer Has the Following for the Current Year

If a taxpayer has the following for the current year:
$\begin{array}{c}\begin{array}{lll}& \text { Active}\\&\underline { \text { Income }}\\\text { Income } &\$ 75,000 \\\text { Deductions } &\underline{(45,000) }\\\text { Income(Loss) } &\underline{\$ 30,000}\end{array}\begin{array}{lll} \text { Portfolio}\\\underline { \text { Income }}\\\$ 22,000 \\\underline {(16,000) }\\\underline{\$ 6,000}\end{array}\begin{array}{lll} \text { Passive}\\\underline { \text { Income }}\\\$ 55,000 \\\underline {(110,000) }\\\underline{\$(55,000) }\end{array}\end{array}$
I.If the taxpayer is a regular corporation,taxable income from the three activities is a loss of $19,000.
II.If the taxpayer is an individual and the passive income is related to a rental real estate activity in which the taxpayer is an active participant,taxable income is $11,000.

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