Arnold was employed during the first six months of the year and earned a $90,000 salary. During the next six ~months, he collected $7,200 of unemployment compensation, borrowed $6;000 (using his personal residence as collateral), and withdrew $1,000 from his savings account (including $50 interest). When he left his former employer, he withdrew his retirement benefits (a qualified annuity) in a lump sum of$60,000. He made no contributions to the plan. Arnold's parents loaned him $10,000 (interest-free) on July 1, of the current year, when the Federal rate was 3%. Arnold did not repay the loan during the year and used the money for living expenses. Calculate Arnold's adjusted gross income for the year.