Ned sold the following items last year: Item Holding Period Gain/(Loss) Office Equipment Used for Business Inventory Sales ABC Stock Held for Investment Furniture Used for Business Vacation home (never rented) Land Held for Investment 2 years 6 months 9 months 6 months 4 years 6 years $ 2,000 $ 15,000 $ 4,000 $ (2,000) $ (6,000) $(10,000) Before considering the above, Ned had adjusted gross income of $100,000. What is Ned's AGI after considering the foregoing items? Explain in full and show all computations clearly (remember the instructor has to be able to follow what you are doing)