For the current year, CCP Inc. received the following interest income:

	$20,750 interest from Irvine City bonds: Bonds issued in 2012 and proceeds used to fund public schools.
	$39,500 interest from Fluor Corporation bonds.
	$16,900 interest from Mission Viejo City: Bonds issued in 2013 and proceeds used to lure new business to the area.
	$10,300 interest from U.S. Treasury notes.

a.	What amount of this interest income is taxable to CCP?

b.	What amount of interest should CCP report as a preference item when calculating its alternative minimum tax liability?