Mike is the 100% owner of an S-corporation. He is at risk for an has adjusted basis in it of $300,000. He is the only employee and takes $170,000 as an annual salary. The S corp. has been profitable in all prior years but generates a loss of (52,000) in 2018 (this loss includes Mike's salary as a business expense). He also has two passive partnership investments (in which he is at risk for over $100,000 in each), one of which generates ($5,000) in net loss and the other which generates $1,000 income. What is Mike's AGI? show computations.