9. (CPA) R, age 22, is a full time student at XX College and a candidate for a bachelors degree. His tuition and fees are $4,000 per year. During the current year, he received the following payments:

State scholarship for 10 months $ 3,600

Loan from the college financial aid office 1,500

Cash support from his parents 3,000

Cash dividends on investments 700

Cash prize awarded at his high school reunion 500

What is Rs gross income for the current year?

a. $1,100 b. 1,200 c. 4,800 d. 9,300