Jackson Jumper has owned a beach house at Padre Island for the last 20 years. In 2016, while swimming in the surf at Padre one afternoon, someone stole his billfold (containing $150 cash), his wristwatch (cost 250; fmv $200) and, worst of all, his ice chest full of beer (cost = fmv = $75). As if that were not enough, later that day his beach house was completely destroyed by fire. His adjusted basis in the house was $200,000 but the fair market value was $270,000 because of the resort areas developing around his property. The house was insured for only $170,000. What is Jackson's casualty and theft loss for the year assuming a $100,000 adjusted gross income?