2. Adjusted Gross Income (AGI) (10 points) In 2023, Nick made an annual salary of $68,000 and also opened up an IRA, to which he contributed $8,500 last year. His savings account had a balance of $1,000 in the beginning of the year and earned 5% interest with annual compounding. Nick was also paying his student loans over the year and made interest payments of $2,300 for his student loans. a) Calculate Nick's gross income in 2023. (5 points) b) Calculate Nick's adjusted gross income (AGI) in 2023. (5 points)