Alice Johnson, Social Security number 222-23-3334, is a single and employed as an administrative assistant to the Dean of the State University of Florida. She has the following items pertaining to her income tax return for her 2010 tax year. 1 . Alice is age 26 and lives at Tampa, with her 5-year old Daughter Emily. Alice is Emilys sole support and lived with Alice the entire year. Emilys father does not claim her as a dependent and provides no child support. Emilys SSN is 111-23-4567. 2.Received a $60,000 salary from her employer, who withheld $10,000 federal income tax. 3. Received a gift of 1,000 shares of Ace Corporation stock with a $100,000 FMV from her mother. She also received $4,000 of cash dividends from the Ace Corporation. The dividends are qualified dividends. 4.Received $1,000 of interest income on bonds issued by the City of Tampa. 5. Received a regular stock dividend (nontaxable under Sec. 305) of 50 shares of Ace Corporation stock with a $5,000 FMV. 6. Alices employer paid $2,000 of medical and health insurance premiums on her behalf. 7. Received $12,000 alimony from her ex-husband. 8. Received a $1,000 cash award from her employer for being designated the Secretary of the Year. 9. Total itemized deductions are $8,000. Alice had the following capital asset transactions in 2010: . On March 1, 2010, land was sold for $35,000. The land was received as a property settlement on January 1, 2007, when the lands fair market value was $30,000. Her ex-husbands basis for the land, purchased on January 10, 2006, was $18600. . On July 1, 2010, she sells for $9,000 her personal-use automobile acquired on March 31, 2002 which cost $23,000. . On August 16, 2010, she sells for $3,100 her stock of York Corporation purchased as an investment on February 16, 2010 for $1,600. . On march 15, 2010, she sells for $5,600 an antique ring. The ring was a gift from he grandmother on January 10, 1988, when its FMV was $1,600. The ring was purchased by her grandmother on April 2, 1979 for $1,800. . Texas Industries, Inc. stock held as an investment were sold on July 14, 2010 for $20,000. The securities were inherited from her uncle, who died on March 10, 2010 when the fair market value of the securities was $19,000. The uncle purchased the securities on May 10, 1990, for $10,700. . She has short-term capital loss carryover of $250 form last year. Complete Form 1040 and accompanying schedules for Alice Johnsons federal income tax return for 2010 year. Use all the rates, deductions, personal exemptions and dependency exemptions that are applicable for 2010. Ignore any penalties, but consider any applicable credits