Please provide work and explain each drop down section.

Abby, a single taxpayer, purchased 10,000 shares of 1244 stock several years ago at a cost of $20 per share. In November of the current year, Abby received an offer to sell the stock for $12 per share. She has the option of either selling all of the stock now or selling half of the stock now and half of the stock in January of next year. Abby will receive a salary of $80,000 for the current year and $90,000 next year. Abby will have long-term capital gains of $8,000 for the current year and $10,000 next year. If Abby's goal is to minimize her AGI for the two years, determine whether she should sell all of her stock this year or half of her stock this year and half next year. a. Determine Abby's total AGI under both options for the current year and next year. If an amount is zero, enter "O". Sell all of the stock this year: Current year's AGI Salary $80,000 Ordinary loss -50,000 Long-term capital gain $8,000 Less: long-term capital loss 8,000 Equals: net long-term capital loss -30,000 Deductible net long-term capital loss -3,000 Adjusted gross income 27,000 Net long-term capital loss carryover -19,000 $90,000 $10,000 Next year's AGI Salary Long-term capital gain Less: net long-term capital loss carryover Equals: net long-term capital loss (before limitation) Deductible net long-term capital loss -19,000 -9,000 -3,000 87,000 Adjusted gross income Total AGI Current year 27,000 Next year 87,000 Total $ 114,000 $80,000 Sell half of the stock this year and half next year: Current year's AGI Salary Ordinary loss Long-term capital gain Less: no capital loss -40,000 $8,000 0 Equals: net long-term capital gain 8,000 Taxable net long-term capital gain $ 48,000 $90,000 Adjusted gross income Next year's AGI Salary Ordinary loss Long-term capital gain Less: no capital loss - 40,000 $10,000 0 Taxable net long-term capital gain Adjusted gross income 60,000 Total AGI Current year 48,000 Next year 60,000 Total 108,000 b. Which option will result in the best overall tax consequence for Abby? Abby should sell half of her stock this year and half next year