Mary, who is single, had the following items for 2016:

Required: Determine Mary’s adjusted gross income for 2016.

Salary $80,000 Loss on sale of 8 1244 small business stock acquired 3 years ago (60,000) Stock acquired 2 years ago became worthless during the year (5,000) Long-term capital gain 25,000 Nonbusiness bad debt (15,000) Casualty loss on property held 6 months (6,000) Casualty gain on property held 4 years 4,000