Cecil C. Seymour is a 66-year-old widower. He had income for 2011 as follows: Pension from former employer $36,000, Interest income from Alto Nationl Bank 5,500, Interest income on City of Alto bonds 4,500, Dividends received from IBM 2,000, Collections on annuity contract he purchased from Great life insurance 5,400, Social Security benefits 12,000, Rent income on townhouse 7,600, The cost of the annuity was $54,000, and Cecil was expected to receive a total of 240 monthly payments of $450. Cecil has received 22 payments through 2011. Cecil's 40-year-old daughter, Sarah C. Seymour, borrowed $60,000 from Cecil on January 2, 2011. She used the money to start a new business. Cecil does not charge her interest because she could not afford to pay it, but he does expect to eventually collect the principal. Sarah is living with Cecil until the business becomes profitable. Except for housing, Sarah provides her own support from her business and $1,600 in dividends on stock that she inherited from her mother. Other relevant information is presented bellow: Cecil's Social Security number: 123-45-6785, Address: 3840 Springfield., Blvd, GA 30000, Sarah's Social Security number: 123-45-6784, Expenses on rental townhouse: Utilities $2,800, Maintenance 1,000, Depreciation 2,000, Real estate taxes 750, Insurance 700, State income taxes paid: $3,500, County personal property taxes paid $2,100, Payments on estimated 2011 Federal income tax: $5,900, Charitable contributions of cash to Alto Baptist Church: $6400, Federal interest rate: 6%, Sales taxes rate paid: $912, Compute Cecil's 2011 Federal income tax payable (or refund due)