Cecil cashed in a Series EE savings bond with a redemption value of $11,500 and an original cost of $8,050.

For each of the following independent scenarios, calculate the amount of interest Cecil will include in his gross income assuming he files as a single taxpayer: (Leave no answer blank. Enter zero if applicable.)

b. Assume the same facts in part (a), except Cecil plans to spend $3,450 of the proceeds to pay his sons tuition at State University, and Cecil estimates his modified adjusted gross income at $52,000.