52. 104 Classify the following items as ordinary income, a gain, or an exclusion The gross revenues of $160,000 and deductible expenses of $65,000 individual's consulting business b. Interest received on a checking account Sale for $8,000 of Kummel Corporation stock that cost $3,000 nord. Receipt of $1,000 as a graduation present from grandfather e. Royalty income from an interest in a gold mine c