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Doug and Manuel received the following interest income in the current year: Savings account opened at Greenbacks Bank $ 4 , 0 0 0 U

Doug and Manuel received the following interest income in the current year:
Savings account opened at Greenbacks Bank $4,000
U.S.Treasury bonds 250
Interest on State of Iowa bonds 200
Interest on Federal tax refund 150
Interest on state income tax refund 75
Greenbacks Bank also gave Doug and Manuel a cellular phone (worth $100) for opening the savings account. What amount of interest income should they report on their joint income tax return?
a. $4,300.
b. $4,775.
c. $4,575.
d. $4,675.

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