The profit and loss statement of Kitsch Ltd., an S corporation, shows $230,000 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	($46,000)
Tax-exempt interest income	6,900
Dividends received	20,700
1231 gain	16,100
Depreciation recapture income	23,000
Net income from passive real estate rentals	11,500
Long-term capital loss	(13,800)
Salary paid to owners (each)	(27,600)
Cost of goods sold	(207,000)

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

The entity's nonseparately stated computed is $fill in the blank.

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

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

Is the income taxable to him this year?