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please help questions b and c, Thank you! Required information Problem 5-44 (LO 5-1) (Algo) (The following information applies to the questions displayed below. For

image text in transcribedimage text in transcribedimage text in transcribedplease help questions b and c, Thank you!

Required information Problem 5-44 (LO 5-1) (Algo) (The following information applies to the questions displayed below. For the following independent cases, determine whether economic income is present and, if so, whether it must be included in gross income (i.e., is it realized and recognized tax purposes?). (Leave no answers blank. Enter zero if applicable.) Problem 5-44 Part-a (Algo) a. Asia owns stock that is listed on the New York Stock Exchange, and this year the stock increased in value by $18,500. Answer is complete and correct. Amount 18,500 Economic Income Amount included in Gross Income S Problem 5-44 Part-b (Algo) b. Ben sold stock for $13,750 and paid a sales commission of $275. Ben purchased the stock several years ago for $5,500. X Answer is complete but not entirely correct. Amount Economic Income $ 7,980 X Amount included in Gross Income $ 7,980 X Problem 5-44 Part-c (Algo) c. Bessie is a partner in SULU Enterprises LLC. This year SULU reported that Bessie's share of rental income was $3,825 and her share of municipal interest was $1,125. X Answer is complete but not entirely correct. Amount Economic Income $ 0 x Amount included in Gross Income $ 2,700 X

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