Al is single, age 60, and has gross income of $140,000, of which $120,000 is salary and $20,000 is rental income. His deductible expenses are as follows: Charitable contributions 4,000 Contribution to a traditional IRA 6,000 Expenses paid on rental property 7,500 Interest on home mortgage and property taxes on personal residence 7,200 State income tax 2,200 What is Al's AGI? a.$140,000. b.$114,000. c.$134,000. d.$126,500.