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7-35 (LO. 1, 2) Jocelyn and Esteban file a joint return. For the current year, they had the following items: Salaries $120,000 Loss on sale

7-35 (LO. 1, 2) Jocelyn and Esteban file a joint return. For the current year, they had the following items: Salaries $120,000 Loss on sale of 1244 stock acquired two years ago Gain on sale of 1244 stock acquired six months ago 105,000 20,000 Nonbusiness bad debt 19,000 Determine their AGI for the current year

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