Stan, a computer lab manager, earns a salary of $80,000 and receives $25,000 in dividends and interest during the year. In addition, he incurs a loss of $40,000 from an investment in a passive activity. His at-risk amount in the activity at the beginning of the year is $55,000. What is Stans adjusted gross income for this year?

a.	$65,000.
b.	$70,000.
c.	$105,000.
d.	None of the above.