John and Sarah Connors are married for all of 2020. During the year they report the following receipts and expenditures. Receipts Amount Wages from Skynt Inc. for John $100,000 Revenues from Bergamont $50,000 Consulting Sarah's business Dividend Income from Portfolio | $4,000 Investments Rental Property $30,000 Sale of Road Warrior, Inc. Stock $10,000 Expenditures Related to Bergamont Consulting Utilities $5,000 Compensation for employees $20,000 Voluntary Contributions to an $7,000 outside industry lobbying association. Related to Rental Property Mortgage Interest Property Taxes Utilities Maintenance $20,000 $5,000 $2,500 $5,000 Other Expenditures Mortgage Interest on Principal $20,000 Residence Property Taxes on Principal $15,000 Residence Student Loan Interest $1,500 Other Information 1) Sarah is an active participant in the consulting business. Her at-risk basis at the beginning of the year is $40,000. There are no suspended losses. 2) The Connors invest $500,000 ($250,000 each) for 100% ownership of two passive activities - Blue Sky Investments Inc. and Soylent, LLC. During 2020 Blue Sky reports Income of $100,000 and Soylent a Loss of $25,000. 3) The condo is rented for a total of 13 days during the year. 4) They made the maximum allowable contribution to their health savings account (HSA) for 2020. 5) They purchased the road warrior stock in 2018 for $20,000. Required: What is the Connors' AGI for 2020