Ken is 63 years old and unmarrled. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken reported the following financlal information this year. Assume Ken files as a single taxpayer. a. Ken won $1,340 in an Illegal game of poker (the game was played in Utah, where gambling Is Illegal). b. Ken sold 1,140 shares of stock for $32 a share. He Inherited the stock two years ago. HIs tax basis (or Investment) In the stock was $31 per share. c. Ken recelved $26,400 from an annulty he purchased elght years ago. He purchased the annulty, to be paid annually for 20 years, for $221,760. d. Ken recelved $13,350 In disability benefits for the year. He purchased the disability Insurance policy last year. e. Ken decided to go back to school to learn about European history. He recelved a $640 cash scholarship to attend. He used $370 to pay for his books and tultion, and he applied the rest toward his new car payment. f. Ken's son, Mike, Instructed his employer to make half of his final paycheck of the year payable to Ken as a glft from Mike to Ken. Ken recelved the check on December 30 in the amount of $1,310. g. Ken recelved a $680 refund of the $3,740 in state Income taxes his employer withheld from his pay last year. Ken clalmed $12,740 In Itemized deductions last year (the standard deduction for a single filer was $12,550 ). h. Ken recelved $31,400 of Interest from corporate bonds and money market accounts. Comprehensive Problem 5-75 Part-1 (Algo) 1. Determine Ken's gross Income