The profit and loss statement of Kitsch Ltd$.,$ an S corporation, shows $$310,000$ book income. Kitsch is owned equally by four shareholders. From supplemental data, you obtain the following information about items that are included in book income.

Selling expenses $($$$62,000)$

Tax$-$exempt interest income $9,300$

Dividends received $27,900$

$1231$ gain $21,700$

Depreciation recapture income $31,000$

Net income from passive real estate rentals $15,500$

Long$-$term capital loss $(18,600)$

Salary paid to owners $($each$)(37,200)$

Cost of goods sold $(279,000)$

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a$.$ Compute Kitsch's nonseparately stated income or loss for the tax year.

The entity's nonseparately stated computed $\_\_\_\_\_\_\_\_\_\_\_$is $$\_\_\_\_\_\_\_\_\_\_$

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b$.$ What would be the share of this year's nonseparately stated income or loss items for James Billings, one of the Kitsch shareholders?

$$\_\_\_\_\_\_\_\_\_\_\_\_\_$

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c$.$ What is James Billings' share of tax$-$exempt interest income, if any? Round your answer to the nearest dollar.

$$\_\_\_\_\_\_\_\_\_\_\_$

Is the income taxable to him this year? $\_\_\_\_\_\_\_\_\_\_\_$