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Required information [The following information applies to the questions displayed below) Grady is a member of a large family and received the following payments this

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Required information [The following information applies to the questions displayed below) Grady is a member of a large family and received the following payments this year for each payment determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross Income (Leave no answer blank. Enter zero if applicable.) A gift of $22,600 from Grady's grandfather Is this payment realized income? Amount to be included b. One thousand shares of GM stock worth $172 per share inherited from Grady's uncle. The uncle purchased the shares for $38 each and the shares are worth $177 at year end. In this payment realized income? Amount to be included 49 c. A gift of $63,000 of Ford Motor Bonds. Grady received the bonds on October 31, and he received $1,890 of semiannual interest from the bonds on December 31 Gift of Ford Motor Bonds Is this payment realized incomo? Amount to be included es d. A loan of $5,650 for school expenses from Grady's aunt. Is this payment realized income? Amount to be included

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