57. Cecil C. Seymour is a 64-year-old widower. He had income for 2021 as follows: Pension from former employer $39,850 Interest income from Alto National Bank 5,500 Interest income on City of Alto bonds 4,500 Dividends received from IBM stock held for over one year 2,000 Collections on annuity contract he purchased from Great Life Insurance 5,400 Social Security benefits 14,000 Rent income on townhouse 9,000 The cost of the annuity was $46,800, and Cecil was expected to receive a total of 260 monthly payments of $450. Cecil has received 22 payments through 2021. Cecil's 40-year-old daughter, Sarah C. Seymour, borrowed $60,000 from Cecil on January 2, 2021. She used the money to start a new business. Cecil does not charge her interest because she cannot afford to pay it, but he does expect to collect the principal eventually. Sarah is living with Cecil until the business becomes profit- able. Except for housing, Sarah provides her own support from her business and $1,600 in dividends on stocks that she inherited from her mother. Other relevant information is presented below. Expenses on rental townhouse: Utilities $2,800 Maintenance 1,000 Depreciation 2,000 Real estate taxes 750 Insurance 700 . . Income State income taxes paid: $3,500 County personal property taxes paid: $3,100 Payments on estimated 2021 Federal income tax: $5,900 Charitable contributions of cash to Alto Baptist Church: $7,400 Federal interest rate: 6% Sales taxes paid: $912 Compute Cecil's 2021 Federal income tax payable (or refund due)