John R. Lane (SSN 123-44-6666) lives at 1010 Ipsen Street, Yorba Linda, California 90102. John, a single taxpayer, age 67. He lives with his dependent elderly mother whom he completely supports. John is a self-employed accountant who sees and consults his clients exclusively at his home office. Other relevant information includes:

• Earnings from his consulting business: $95,000
• Rents collected from properties John owns, including $1,000

rent deposit $22,000

• Interest income (treasury bonds) $500
• Interest income (municipal bonds) $450
• Life insurance payment to John $50,000 (John was a beneficiary on his father's life insurance

policy and received a lump sum payment equal to

the policy face value)

• Personal Deductible Expenses (Itemized Deductions) $16,300

• Tax Withholdings (prepayments) $7,000

John receives monthly $1,000 pension plan distributions from his former employer's qualified pension plan; John contributed $84,000 to the plan. In addition, John was in a car accident and received the following settlement from an insurance company: $12,000 for the physical injury that he sustained, $3,000 for the relating emotional distress, and $4,000 in punitive damages.

Complete Individual Federal Income Tax Return (Form 1040) for the year ending December 31, 2020.sho all the workings