Please provide detailed calculations and applicable rules.

Thank you.

Miluska, who is single, had the following items for2016: $80,000 Loss on sale of 1244 small business stock acquired3 years ago (60,000) stock 2 years ago became worthless during the year (15,000) Long-term capital gain 25,000 Nonbusiness bad debt (9,000) Milaska had a car accident during the year in which his car was completely destroyed. At the time of the accident, the car had a fair market value ofs30,000 and an adjusted basis ofs40,000. She used the car 100% of the time for personal use. She received an insurance recoveryofs21,000. 1. Provide a detailed calculation of Miluska's AGL Your answershould also include any applicable rules, exceptions to rules, limitations, tax treatment ofcertain items, etc. 2. What is the rule for calculating the amount of the casualty loss. Apply the rule to the facts and show a detailed calculation of the loss