4. This question is worth 10 points. Shivank and Claudia are MFL and had the following items for 2017: $183,000 (110,000) (10,000) 25,000 (9,000) Salary Loss on sale of 1244 small business stock acquired 3 years ago Stock acquired 2 years ago became worthless during the year* Long-term capital gain Nonbusiness bad debt* Shivank had a car accident during the year in which his car was completely destroyed. At the time of the accident, the car had a fair market value of $30,000 and an adjusted basis of $40,000. He used the car 100% the time for personal use. He received an insurance recovery of $21,000. I. Provide a detailed calculation of the couple's AGI. Your answer should also include any applicable rules, exceptions to rules, limitations, tax treatment of all items that have an noxt to them. 2. (a) What is the rule for calculating the amount of the casualty loss? (b) Apply the rule to the facts and show a detailed calculation of the loss. (c) Which schedules do the loss appear on? Attach a blank copy of the schedules to your