Daisy and Donald are married. Daisy has a 15-year-old son (Dewey) from her previous marriage. The Mouses reported the following financial information pertaining to their activities during the current year. Use this information to calculate their Gross income for 2020.

A	Daisy works as a financial analyst and earns a salary of $215,000.
B	Donald owns an upscale computer repair shop. The shop collected $219,000 in revenues. During the year, he spent $28,500 for supplies, $23,500 for utilities, $19,000 for rent, 19,900 in salaries, and $5,800 for miscellaneous expenses. One customer gave him use of his vacation home for 4 week-ends (worth $12,600) in exchange for computer services for the year. Donald accounts for his business activities using the cash method of accounting.
C	Donald's father passed away on April 14. As beneficiary of his father's life insurance policy, Donald also received $450,000.
D	Daisy received $1,900 cash and a gold watch valued at $650 for reaching 15 years of continuous service at Magic Kingdom
E	Daisy received $2,700 of interest from Neverland corporate bonds and $3,560 of interest from an South city bond. Daisy received these bonds prior to her marriage to Donald.
F	Daisy borrowed $62,000 from Magic Kingdom to purchase a car. Magic Kingdom charged her 0.5 percent interest ($980) on the loan, which she paid off on December 31, but they would have charged her $1,960 if interest was calculated at the applicable federal interest rate.
G	For meeting her performance goals this year, Daisy was informed on December 23 that she would receive a $25,000 year-end bonus. Magic Kingdom (located in Houston, Texas) mailed the bonus check from its payroll processing center (Tampa, Florida) on December 22. Daisy didnt receive the check at her home until January 2.
H	Daisys employer pays the couples annual health insurance premiums of $16,500 for a qualified plan.
I	Donald won a $4,210 cash prize at a raffle drawing for Deweys sports team fund raiser
J	Daisy is a 15 percent owner of Rapunzel Inc., a Subchapter S corporation. The company reported ordinary business income for the year of $84,000. Daisy acquired the Rapunzel stock 9 years ago.

Gross Income

Use the table below to show what you did and did not include in their Gross Income and your explanation. Feel free to add additional rows if necessary.

Item	Amount	Explanation