1. Gunther was employed during the first six months of 2019 and earned a $46,000 salary. During the next 6 months, he collected $4,100 of unemployment compensation and $3,200 of workers compensation.

During 2019, Gunther also received $250 of interest income on his US Government bond, borrowed $18,800 (using his personal residence as collateral) from his bank, received interest income of $20 on his New Mexico state income tax refund, withdrew $1,300 from his savings account which included $60 of interest and received $500 in interest income from his State of New Mexico bond.

His luck was not all bad, for in December he won $1,500 in the lottery! Gunther was feeling so generous after winning the lottery; he donated all $1,500 to the United Way! During 2019, Gunther spent $5,300 on lottery tickets.

Because of his dire circumstances, Gunthers parents loaned him $9,700 (interest-free) on July 1 of the current year, when the Federal rate was 6%. Gunther did not repay the loan during the year and he used the money for living expenses.

Calculate Gunthers adjusted gross income for 2019.