For each of the following Independent transactions, determine the minimum amount of net Income or loss for tax purposes and the taxpayer to which it applies. 1 A woman purchased a $10,000 bond for her 15-year-old daughter. During the year, the bond paid interest of $1,000. Person who reports taxable income Taxable income Type of Income es A woman gifted to her husband shares of a public corporation, for which she had paid $15,000. At the time of the gift, the shares had a value of $30,000. After receiving the gift, the husband received a dividend of $1,000 and then sold the shares for $26,000. Person who reports taxable income Taxable income Type of Income 3 A student who is 20 years old borrowed $20,000 from his mother and used the funds to purchase shares in a public corporation. After receiving a dividend of $1,000, the student sold the shares for $24,000. Person who reports taxable income Taxable income Type of Income Student $ 2,000 taxable capital gain Student $ 1,380 dividend income