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Sandy and Denny are married with three dependent children ages 18, 19, and 20, and own and operate a store, selling masonry materials, although Denny

  1. Sandy and Denny are married with three dependent children ages 18, 19, and 20, and own and operate a store, selling masonry materials, although Denny also works part time as an employee at another store selling lumber. The records for the masonry stores current year 2019, revealed the following:

Gross income from sales for the store $ 276,600

Long-term capital gains

(from the sale of land) 7,900

Store operating expenses

Insurance (not health) 39,290

Rent 89,300

Supplies (nonmanufacturing) 35,500

Depreciation (ditto) 48,200

Wages and Payroll taxes 119,200

Also loss from theft of a business car (only business use) purchased originally for $ 40,200, depreciation of $ 12,500 taken so far, but which is now worth $ 34,800, Insurance proceeds from the theft were only $ 11,200.

Other items not related to the masonry business include

Dividend income from Apple Inc., stock 9,500

Interest expense on home mortgage 39,800

Property taxes on home 15,300

Long-term capital gain 7,950

Long-term capital loss 5,600

Dennys Salary (from the other job) 49,100

Sandy and Dennys AGI, taxable income or loss, and net operating loss for the year 2019 are?

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