The Valerie Trust is a complex trust. In Year 3, The Valerie Trust had various items of income and expense as indicated below. For each item below, please indicate how much, if any, should be included in the calculation of distributable net income for Year 3.

Item Amount in DNI

1. Corporate Bond interest received, $700.
2. Municipal Bond interest received, $400.
3. A stock that was purchased 2 years ago for $2,100 was sold for $6,100.
4. Rental
   1. Income of $4,500.
   2. Rental Expense of $1,100
5. Trustee fee, $2,000 allocated 70% to principal and 30% to income.