John is not married and has no dependents. His various tax items are listed below:

	Salary of $90,000.
	Gain of $30,000 on the sale of 1244 stock acquired two years earlier.
	Loss of $80,000 on the sale of 1244 stock acquired three years earlier.
	Worthless stock of $12,000. The stock was acquired on February 1 of the prior year and became worthless on January 15 of the current year.

Determine Johns AGI for the current year.

	a.	$27,000.
	b.	$37,000.
	c.	$42,000.
	d.	$12,000.