Ridge is a generous individual. During the year, she made interest-free loans to various family members when the Federal interest rate was 3%. What are the Federal tax consequences in 2019 of the following loans by Ridge? If an amount is zero, enter "0". a. On June 30, Ridge loaned $12,000 to a cousin, Jim, to buy a used truck. Jim's only source of income was his wages on various construction jobs during the year. This is because the loan was The computed Imputed Interest amount for 2019 IS and However, does not have any investment income. less than b. On August 1, Ridge loaned $8,000 to a niece, Sonja. The loan was meant to enable Sonja to pay her college tuition. Sonja reported $1,200 interest Income from CDs that parents had given her. c. On September 1, Ridge loaned $25,000 to a brother, Al, to start a business. Al reported only $220 of dividends and interest for I the year Because this amount The computed Imputed Interest amount for 2019 iss exceed $1,000 However, Is Imputed This is because the loan was The computed Imputed interest amount for 2019 is less than and However does not have any investment income. b. On August 1, Ridge loaned $8,000 to a niece, Sonja. The loan was meant to enable Sonja to pay her college tuition, Sonja reported $1,200 interest Income from CDs that parents had given her. c. on September 1, Ridge loaned $25,000 to a brother, Al, to start a business. Al reported only $220 of dividends and interest for the year Because this amount The computed Imputed interest amount for 2019 is exceed $1,000, However is imputed d. On September 30, Ridge loaned $150,000 to her mother, Joan, so that Joan could pay the entrance fee at a retirement home. Joan's only receipts for the year were $9,000 In Social Security benefits and $500 of interest income recelved. However The computed imputed Interest amount for 2019 is This is because the loan exceeded s