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Problem $6-31($LO $6-1)($Algo$)$

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$[$The following information applies to the questions displayed below.$]$

Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In $2024,$ Rocco had the following income and expenses. You may assume that Rocco will owe $$2,556$ in self$-$employment tax on his salon income, with $$1,278$ representing the employer portion of the self$-$employment tax. You may also assume that his divorce from Svetlana was finalized in $2016.$

Interest income $ $12,805$

Salon sales and revenue $87,360$

Salaries paid to beauticians $45,770$

Beauty salon supplies $23,500$

Alimony paid to his ex$-$wife, Svetlana $6,500$

Rental revenue from apartment building $33,020$

Depreciation on apartment building $13,400$

Real estate taxes paid on apartment building $11,500$

Real estate taxes paid on personal residence $6,531$

Contributions to charity $4,567$

Problem $6-31$ Part$-$a $($Algo$)$

a$.$ Determine Rocco's AGI.

Note: Amounts to be deducted should be indicated by a minus sign.