Lana and Rey are married, and have a 12 year old dependent child named del. Two have wages of $100,000(lana) and $80,000(rey) during 2016 with total state income tax withholding of $8500, total Federal income tax withholding $25,000, total social security withholding of $11,160, and total Medicare withholding of $2160.

Lana has interest income of $7410 for 2016 and lana and rey have the following gains and losses on sales of property. Lana sold land held as an investment, with cost of 47,000 bought on 5-7-2010 and sold 3-4-2016 for $71,000. Lana sold 4000 shares of Pepsi cola, inc. stock, which were bought on 6-9-2016 for $76 per share and sold on 9-9-2016 . (Net proceeds after commission).

Rey had tropic inc. stock bought on 8-8-2011 for $84,840 which was sold on 8-23-2016 for $65,230 (also net).

Finally, Lana bought a Chevy Malibu at an auction on 6-21-2016 for $4,840 which lana was able to sell to a collector for $9750 on 8-21-2016.

Lana and rey own their home outright, but have a $200,000 home equity loan, which they borrowed to buy a stock with, the home value being about $1,200,000. Lana and Rey paid interest on this loan of $14,000 during they year 2016 for 2016, and have paid $13,500 for home property taxes on both 4-10-2016 and 12-10-2016.

Lana loaned a friend, Elizabeth $11,000 on 6-21-2011. Her friend signed a note and had paid all the interest due on the loan until this year, in 2016 when Lanas friend declared bankruptcy. Ms. Woolridge paid Luna only $3000 of the loan back during 2016 and no interest or any other payments during 2016 prior to when her personal finances went sour, and Lana will not receive the other $8,000 back.

Total qualified dividends lana and rey receiving during 2016 for example (Pepsi Cola inc., qualified dividends and Tropico inc, (Neither stock qualifies for section 1210, nor 1244 since bought from unrelated individuals) qualified dividends, added up to $22,800. Rey donated some shares of Ford stock (all required documentation, and substantiation/appraisals were met) to Saint Jude Children research Hospital on 2-2-2016 which were originally bought on 12-12-2006 for $57,660 but were worth $26,760 on the date of the donation.

What is Lana and Rey's tax refund or amount due for tax year 2016 ?( separately state the AGI and taxable income totals as well as the capital items netting process and alternative minimum tax for full credit)

PLEASE HELP!! do your best!! income tax accounting