During 2020, Roscoe had AGI of $75,000 and the following personal casualty losses from.Hurricane Hunter, a major storm that hit North Carolina. Randy resides in an area of North Carolina that was declared Federal disaster area by the President of the United States. Asset Beach House Automobile Jetski Adjusted Basis 300,000 35,000 12,000 FMV Before Casualty 625,000 18,000 7,000 FMV After Casualty 220,000 1,200 -0- 2020 Insurance Recovery 125,000 2,500 1,500 A) Compute Roscoe's loss for each asset damaged or destroyed due to Hurricane Hunter B) Calculate Roscoe's itemized casualty loss deduction for 2020