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Problem 7-35 (c) (Lo. 1, 2) Jacob and Joria are married and file a joint return. They have the following items for the current year:

Problem 7-35 (c) (Lo. 1, 2) Jacob and Joria are married and file a joint return. They have the following items for the current year: Salaries Loss on sale of 5 1244 stock acquired 15 years ago Gain on sale of S 1244 stock acquired ten months ago Nonbusiness bad debt Business bad debt $345,000 136,000 44,000 12,000 23,000 Determine their AGI for the current year

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