Kevin is the sole proprietor of Murph's Golf Shop. During the current year, a hurricane hits the beach near Kevin's shop. His business building, which has a basis of $60,000, is damaged. In addition, his personal automobile, for which he paid $22,000, is damaged. Two cases are presented where the fair market values (FMV) after the hurricane are different. Based on these cases, respond to the following: Case A FMV Before FMV After Building $130,000 $85,000 Automobile 12,000 3,000 Case B FMV Before FMV After $130,000 -0- Building Automobile 12,000 -0- a. What is Kevin's gross loss in each case? Building Automobile Case A $ Case B $ b. Assume that in Case A, Kevin receives $36,000 from his insurance company for the building and $5,000 for his automobile. The allowable loss on the building is $ personal casualty loss is reduced by % of Kevin's C. Assume that the insurance proceeds in Case B are $130,000 for the building and $5,000 for the automobile. The $ adjusted gross income