54. In 2013, Cathy Cummings, single, 50 years of age, and legally blind, had wages and net rental income [after depreciation} of $20,000 and received $500 in interest income. She had $9,000 of allowable itemized deductions. In addition, she had the following transactions duringr 2013: a. She sold stock for $2,500. She had inherited the stock from her father, who had an adjusted basis in the stock of $1,200. The fair market value at the date of his death was $1,500. b. During 2012, Cathy had purchased some Almond Corp. stock. C-n January 22, 2012, she paid $3 a share for 20 shares, and on May 13, 2012, she paid $0 a share for 10 shares. She sold 15 shares during 2013 for $10 a share. Those shares most recently purchased were identied as being sold. c. Cathy sold to her sister Janice stoclr in Bass Corp. for $300. She had an adjusted basis of $050 in this stock. :1. Cathy built a nest.T house in 2013 and converted her former residence into rental property. At the time of the conversion, the adjusted basis of the old house was $144,000 with a fair market value of $140,000. She sold the rental house for $141,000 in October 2013, four months after its conversion to rental property, and took depreciation of $1,000 for the four mon'ts. Compute Cathy's taxable income for 2013. Treat all income as ordinary income