1. The following information for 2019 pertains to Bartley Corporation:

   Capital contributions by shareholders	$50,000
   Realized loss on sale of treasury stock	(10,500)
   Income from rental property in a sinking fund (in the hands of a trustee)	5,500
   Rent paid directly to a bond holder on a lease of corporate property	8,000

   What is the amount of gross income to Bartley Corporation for 2019?

   	a.	$53,000
   	b.	$47,500
   	c.	$13,500
   	d.	$8,000

1. In 2018, Capital Corporation reported gross profits of $150,000, deductible expenses of $28,000, and a net capital loss of $10,000. Capital reported the following net capital gains during 2015-2017:

   Year	Net Capital Gains
   2015	$5,000
   2016	$1,000
   2017	$3,000

   What is the amount of Capitals capital loss carryover to 2019?

   	a.	$5,000
   	b.	$10,000
   	c.	$1,000
   	d.	$7,000