A single taxpayer, Damien, had the salary of $88,000, loss of $76,000 on the sale of 1244 stock acquired four years earlier, and worthless stock of $11,000. The stock was acquired on February 1 of the prior year and became worthless on March 1st of the current year. Calculate Damiens AGI for the current year.

A. $27,000

B. $35,000

C. $42,000

D. $47,000

I know the correct answer is B 35000, but I don't know how to calculate it.

Please help!