Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. (Leave no answer blank. Enter zero if applicable.) Problem 5-75 Part-c (Algo)

c. A gift of $65,000 of Ford Motor Bonds. Grady received the bonds on October 31, and he received $1,950 of semiannual interest from the bonds on December 31.