James, single and age 32, had the following items for the tax year 2019:

-Salary $140,000

-Interest income from U.S. government bonds of $2,000

-Dividends from a foreign corporation of $500

-Sale of a small business 1244 stock on October 20, 2019, for $20,000. The stock had been acquired two years earlier for $165,000.

-Business bad debt of $4,000

-Non-business bad debt of $10,000

-Sale of small business 1244 stock on November 12, 2019 for $4,000. The stock had been acquired on June 5, 2019, for $800.

-Sale of preferred stock on December 4, 2019, for $40,000. The stock was acquired four years for $18,000.

-Total itemized deductions of $25,000 (no casualty or theft)

What is James' taxable income?