During the current year, Kent, a single taxpayer, reports the following items of income and expense: Income: salary $150,000 Dividends from Alta Corporation $800 Interest income from a savings account $1500 Rental income from a small apartment he owns $8000 Expenses: Medical $6000 Interest on a principal residence $7000 Real property taxes on the principal residence $4300 Charitable contributions $4000 Casualty loss-personal $6100 Miscellaneous itemized deductions $1200 Loss from the sale of Delta Corporation stock $2000 (held for two years) Expenses incurred on rental apartment: Maintenance $500 Property taxes $1000 Utilities $2400 Depreciation $1700 Insurance $800 Alimony payments to former wife $10,00 Assuming all of these items are deductible and that the amounts are before any limitations, what is Ken's taxable income for the year? ( held for two years)