Michael, age 19, is a full-time student at Central College and a candidate for a bachelor's degree. During 2013, he received the following payments: Wages$7,000 Central scholarship for ten months - tuition and books5,500 - room and board4,000 Loan from college financial aid office4,500 Cash support from parents3,000 Cash dividends3,000 Cash prize awarded in a contest 250 $27,250 What is Michael's adjusted gross income for 2013?