4. Next, you ask Sally and Jim if they sold any assets in 2022. They provide you with the following - Sally and Jim have an investment account and report a (\$10,000) net short-term capital loss on the sale of stock and a net long-term capital gain of $5,000 on the sale of stock. In addition, the investment account reports they earned 53,500 of qualified dividends. - In December 2022, Sally and Jim sold their home. This home was their primary residence that they had lived in for the last 15 years. They calculated that the gain on the sale of their home was $515,000, ( $1,000,000 sales price less $485,000 adjusted tax basis). - Sally and Jim sold a coin collection for $45,000 in 2022 . They had inherited the coin collection in 2018 when a relative passed away and the coin collection had an FMV of 540,000 . The relative had originally purchased the coin collection for $35,000 in 2004 . - Sally and Jim also sold one of their personal vehicles. They had originally parchaved the vehicie in 2012 for $35,000. They sold it in 2022 for $12,000. - In 2022, Sally and Jim sold stock to Sally's sister Kelly for $25,000 (the fair market value). They had originally purchased the stock in 2004 for $27,000. - On January 10,2022 Sally and Jim sold 1,000 stares of XYZ Corp. stock for $50,000. They had originally purchased the stock in 2016 for $51,000. On January 20,2022 they decided they liked that stock and decide to buy back 250 shares of XYZ Corp. stock for $15,000. - Finally, Jim informs you that he sold two assets used in his business in 2022. - Jim sold land purchased in 2004 for $200,000 and sold for $225,000 - Jim also sold cquipment purchased in 2018 for $75,000 with AD of $75,000 (fally depreciated) and sold for $10,000. o Jim had previously sold one business asset in 2021 and incurred a ($3,000) \$1231 loss. Jim has not sold any other business assets in any previous years. a. Calculate the recognized gainloss for each disposition. Organize and complete the $1231 and Capital Gains netting procedures. Show all work and round all numbers to the nearest dollar. b. Complete the table below to indicate the total amount of income from question 4 to be reported in AGI by character. 5. Sally and Jim do not have any other deductions for AGL. (Ignore any additional Self-Employed Deductions For AGI). a. Complete the table below to detemine Sally and Jim's AGI for 2022