Problem 6: Income Inclusions Ted Crisp reports the following transactions for 2022 : - In exchange for providing consulting services Ted entered into an agreement to receive several barrels of oil with a fair market value of $36,000. However, the oil located in Zanzibar and will not be delivered to Ted until 2023. - On January 1st, Ted made a loan in the amount of $50,000 to his co-worker Lem so that Lem could purchase shares of Meta, Inc stock. He charged Lem an interest rate of 1% on the loan. The applicable federal funds rate for 2022 was 10% and Lem had net investment income of $7,000. - Ted was in an automobile accident and suffered physical injuries. He collected the following from her insurance company: $55,000 for pain and suffering and $50,000 for punitive damages. - He received a refund of overpaid mortgage interest from his bank in the amount of $30,000. The refunded expenses were originally paid in 2020 and Ted did not itemize his deductions in that year. - He receives $700 a month from an annuity he purchased on 1/1/2019 for $100,000 when he was 30 years old (which is also when he began receiving payments). The annuity will pay him until he is 45 . Required: How much must Ted include in his 2022 gross income as a result of the above transactions