Jay and Pamela are married, file jointly, and have one dependent (12-year old qualifying child). Jay receives a $97,000 salary. Pamela is self-employed. Her sole proprietorship's revenues are $100,000, and its expenses are $45,000.Jay and Pamela each make a $6,000 deductible contribution to a traditional IRA. Their itemized deductions are $25,500. Federal income taxes of $7,300 are withheld from Jay's paychecks, and Pamela makes $2,900 of estimated tax payments.

Compute their gross income.