Alternative minimum tax. Barley, single, works as a day trader whereby he buys, sells, and invests long term in various stocks, bonds, partnership interests, and hybrid securities. During 2020, Barley had $1,300,500 of taxable income resulting from his investments. His investment generated the following items: a. $19.200 in percentage depletion allocation from partnerships that exceeded the basis in the property being depleted b. $21.800 of excess intangible drilling costs beyond 65% of gas well net income. c. $13,600 in tax-exempt interest from City of Chicago private activity bonds. d. $1,500 of investment interest that was limited in computing regular tax due to the NII rule not considering private activity bond interest. Required: Compute the AMT for 2020