1. Bradley and Brenda are married, both 40 years old and have no children. They have the following income and expense items in 2018: Nonbusiness bad debt 5,000 Business bad debt 3,000 Nonbusiness long-term capital gain 6,000 Nonbusiness short-term capital loss 2,000 Personal casualty gain on an asset held for four months 9,000 Personal casualty loss on an asset held for two years 1,000 Salary 90,000 Interest Income 5,000 Proceeds from Life Insurance Policy 100,000 Gift from Aunt Suzie 50,000 Note that the casualty gains and losses are net of the $100 per-event floor. (1) Determine Bradley and Brenda's Adjusted Gross Income for 2018. (2) Now compute the taxpayer's taxable income and income tax. Assume Bradley and Brenda have potential itemized deductions of $19,000