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Check my work 12 Problem 16-36 (Static) (LO 16-8] 1.33 points Mr. Kelly owns stock in VP and in BL, both of which are s
Check my work 12 Problem 16-36 (Static) (LO 16-8] 1.33 points Mr. Kelly owns stock in VP and in BL, both of which are s corporations. This year, he had the following income and loss items: eBook Salary Business income from VP Business loss from BL $ 62,300 19,000 (25,000) Print References Required: Compute Mr. Kelly's AGI under each of the following assumptions: a. He materially participates in VP's business but not in BL's business. b. He materially participates in BL's business but not in VP's business. c. He materially participates in both corporate businesses. d. He does not materially participate in either corporate business. Amount a. AGI b. AGI C. AGI d. AGI
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