2. Reese reported the following information for 2020. Reese is an accrual basis, self-employed water skiing instructor and coach. During 2020, he provided and billed clients for $78,000 in services. At the end of the year, he had collected $70,000 of that amount. Reese reported the following related to his business: Reese has found the best way to earn new business is to take prospective clients to dinner at the lake so they can watch skiers in action. He spent $950 on meals at the lake for this purpose. In 2020, Reese paid $1,250 for repairs on his boat that were completed during the year. On November 1, 2020, he also paid $900 in repairs that he expects to be completed right before his busy season starts again in late March 2021. Reese needed extra storage space during the winter so he paid $8,000 ($2,000 per month) on Oct 31, 2020 to rent some space from November 1, 2020 to Feb 28, 2021. Reese had fuel costs of $3,000 during the year, all paid during 2020. Calculate Reese's AGI. Label your final answer and briefly label your numbers to make it easier to grade