Donald and Daisy, a married couple, have 1 dependent child. They had the following income and deductions during the current year: Salaries of $120,000; Long-term capital gain of $12,000; and Short-term loss of $17,000); Deductions FOR AGI (Adjustments) of $4,000; and itemized Deductions of $9,000. What is Donald and Daisy's adjusted gross income? 1) $121,000 2) $112,000. 3) $125,000 4) $132,000