Problem 12-40 (LO. 3, 4) Gabriel, age 40, and Emma, age 33, are married with two dependents. They recorded At of $250,000 in 2021 that included net Investment income of $3,000 and gambling winnings of $2,500 In itemizing deductions for regular tax purposes, the couple incurred the following expenses during the year Medical expenses (before 7.946-cf-AGI floor) $12.000 State Income taxes 5,800 9,100 18,600 Real estate tax Interest on personal residence Interest on home equity loan (proceeds were used to remodel the couple's kitchen) Investment interest expense Charitable contributions (cash) 9,800 4,500 14,200 If an amount is zero, enter"0" a. Enter Gabriel and Emma's regular income tax itemized deductions; Alt itemized deductions, the net amount of adjustments (if any) and if the adjustment is a positive or negative adjustment Regular Income Tax AMT Purposes Amount of Adjustment Positive Negative, or None Medical expenses State income and real estate tes Interest on residence Interest home equity Lovestment interest Charitable contributions Tocals 1. Gabond Emma o carned interest of $5,000 on private activity bonds that were issued in 2016. They borrowed money to buy these bonds and bald interest of $3.500 on the loan what is the effect on AM The effect of this transaction is tax rerence of transaction above, the taxpayers will have Select However, considering the transactions in part(a) as well as the total at justment of