Five years ago, Kevin and his brother Nick formed Compton Corp., a golf apparel manufacturing corporation. At that time, Kevin contributed 5354,000 to the corporation in exchange for 40% of its stock. During the current year, Kevin needed some cash to purchase a golf course so he sold a third of his interest in Compton Corp. for $88,000. He also sold stock in the following companies for the amounts indicated: (Click the icon to view the amounts and additional information.) Read the requirements Requirement a. What are the net gains and losses from the above items and their character? (If an input field is not used in the table or the balance is "0" leave the input field empty; do not enter a zero. Enter a loss with a minus sign or parentheses.) Short-term gain (loss) Long-term gain (loss) Ordinary income (loss) Compton Corporation IBM More info Microsoft Tidal Radio Corporation Sales Proceeds Adjusted Basis When Acquired Wavetable IBM $ 23,000 $ 28,000 38,000 Defaulted loan CSR Corporation Salary Net Microsoft Tidal Radio Wavetable 12.000 40,000 17,000 33,000 52 months ago 18 months ago 7 months ago 4 months ago 29,000 (Enter a loss with a minus sign or parentheses.) During the year Kevin hired a collection agency to collect a $17.000 loan he made to an old friend, which was due in full on January 1 of the current year. The agency found no trace of his friend. Also during the year, CSR Corporation, in which he owns stock, went bankrupt. His investment was worth $97,000 on January 1, he purchased it six years ago for $101,000, and he expects to receive only $14,000 in redemption of his stock. Finally, Kevin's salary for the year was $120,000 for his work as an associate professor. Kevin's net long-term capital gain (loss) is Requirement b. What is Kevin's AGI for the year assuming he has no other items of income or deduction? Kevin's AGI for the year is Print Done