Required: Complete the following Pretend Form 1040 and calculate Pete's 2021 taxable income. The Pretend Form 1040 includes specific lines from the actual Form 1040 that you will need to calculate taxable income. In addition to completing the Pretend Form 1040, you must also complete schedules 1-6 (these are not real schedules and are designed only for this project), which is where all the work for your calculations is to be performed. Note: Both the IRA deduction and the student loan interest deduction requires you to first calculate an AGI number before you can compute the deduction. In calculating the AGI number for the IRA deduction, AGI will not include the deduction from student loan interest (any other for AGI deductions are Pretend Form 1040 Schedule 1: Calculate the amount of taxable wages and include the amount above Schedule 2: Calculate the net capital gain or loss and include the amount above Schedule 3: Calculate other income and include the amount above Gross Income Wages (Schedule 1) Capital Gain Income (Schedule 2) Unemployment Compensation Other Income (Schedule 3) TOTAL GROSS INCOME Deductions for AGI Health savings account deduction Alimony paid IRA deduction (Schedule 4) Student loan interest (Schedule 5) TOTAL DEDUCTIONS for AGI ADJUSTED GROSS INCOME (AGI) Deductions from AGI Larger of standard deduction or itemized deduction (Schedule 6) Qualified Business Income Taxable Income included). In calculating the AGI number for the student loan interest, AGI will include all other for AGI deductions in the problem. Schedule 4: Calculate the IRA deduction and include the amount above Schedule 5: Calculate the student loan interest deduction and include the amount above Schedule 6: Calculate the standard deduction, the amount of itemized deductions, and include the larger of the two above