Bronze Corporation has $100,000 of active income, $55,000 of portfolio income, and a $55,000 passive activity loss. Indicate whether the following statements are "True" or "False" regarding whether Bronze Corporation is permitted to deduct the passive activity loss. a. The loss is not deductible if Bronze Corporation is a personal service corporation. b. The loss is deductible against portfolio income if Bronze Corporation is a closely held C corporation that is not a personal service corporation. c. No matter what type of corporation Bronze is, the passive activity loss is not deductible unless Bronze Corporation has passive activity income.