Besides the items already mentioned, the Clarks have the following receipts for 2017:

Social Security benefits (Andy, $12,000; Sarah, $6,000) $18,000

Consulting income paid by Pelican (including expense reimbursement of $11,150) 35,000

Life insurance proceeds (see below) 50,000

Qualified dividend income (reported on separate Forms 1099-DIV):

Ragusa Corporation 1,200

Pelican Power 400

Interest income (reported on separate Forms 1099-INT):

IBM bonds 600

CD at First National Bank of McKinney 400

Wells Fargo money market fund 300

City of Beaumont (TX) general purpose bonds 9,000

The life insurance proceeds concerned a policy owned by Maximilian Clark , which named Andy as sole beneficiary. The receipt of the proceeds came as a complete surprise to Andy as he never knew the policy existed.

Requirement: From the data above make necessary assumptions for information not given in the problem but needed to complete the return.