Cecil C. Seymour is a 64-year-old widower. He had income for 2022 as follows: Pension from former employer Interest income from Alto National Bank Interest income on City of Alto bonds Dividends received from IBM stock held for over one year Collections on annuity contract he purchased from Great Life Insurance Social Security benefits Rent income on townhouse $39,850 5,500 4,500 2,000 5,400 14,000 9,000 The cost of the annuity was $46,800, and Cecil was expected to receive a total of 260 monthly payments of $450. Cecil has received 22 payments through 2022. Cecil's 40-year-old daughter, Sarah C. Seymour, borrowed $60,000 from Cecil on January 2, 2022. She used the money to start a new business. Cecil does not charge her interest because she cannot afford to pay it, but he does expect to collect the principal eventually. Sarah is living with Cecil until the business becomes profit- able. Except for housing, Sarah provides her own support from her business and $1,600 in dividends on stocks that she inherited from her mother. Other relevant information is presented below. Expenses on rental townhouse: Utilities Maintenance Depreciation Real estate taxes Insurance $2,800 1,000 2,000 750 700 . State income taxes paid: $3,500 County personal property taxes paid: $3,100 Payments on estimated 2022 Federal income tax: $5,900 Charitable contributions of cash to Alto Baptist Church: $7,400 Federal interest rate: 4% Sales taxes paid: $912 Compute Cecil's 2022 Federal income tax payable (or refund due).