Sally W. Emanual had the following dividends and interest during the current year:
Acorn Corporation bond interest............................................ $ 700
City of Boston bonds interest................................................... 1,000
Camp Bank interest................................................................... 1,250
Jet Corporation dividend (qualified)........................................  1,300
North Mutual fund
Capital gain distribution.............................................. 100
Ordinary dividend (qualified)...................................... 150
Nontaxable distribution..............................................  200 ......... 450
Blue Corporation foreign dividend............................................... 250
Additional information pertaining to Sally Emanual includes
Salary......................................................................................... $70,000
Rent income................................................................................ 12,000
Expenses related to rent income............................................. 14,000
Pension benefits........................................................................... 7,000
Alimony paid to Sally.................................................................... 4,000
The taxable portion of the pension is $7,000. Sally actively participates in the rental activity.
Other relevant information includes
Address:                                       430 Rumsey Place, West Falls, California 92699
Occupation:                                 Credit manager
Social Security number:            123-45-6789
Marital status:                             Single
Complete Sally’s Schedule B and page 1 of her Form 1040. Assume Schedule E has already been prepared.