VUESIUNI (15 Points) Arwen and Aragornare mamed. Arwen has a 15-year-old daughter (Galadriel) from her previous marriage. The Solo's reported the following financial information pertaining to their activities during the current year. Use this information to calculate their Gross income for 2019 Arwen borrowed 552,000 from Legolas to purchase a car Legolas charged her 2 percent interest ($1,040) on the loan, which she paid off on December 31, but they would have charged her $2,280 if interest was calculated at the applicable federal interest rate Arwen works as an interior designer and earns a salary of 5145.000 Arwen received 53,700 of interest from Bilbo corporate boods and $2,560 of interest from a Balrog municipal bond Atenced these boods srit to be retor Aragom W an upacale barber shop The shop collected 565.000 in revenues. During the year be spent 56.300 for supplies, 59 300 for utilities $25.000 for rest, and $3.000 for miscellaneous expenses. One customer gave him use of his action home for a week-end ( 51 900) exchange for barbervices for the year. Arron account for his bossess acties in the cash method of accounting 600 y $4.500 is child support payments from her former husband. They were Area recere dingen) Ara fa passed away Apr 11 Helente cash and a con collection valued at 59.000 Activate Use free at Office.com products inactive. To use for free, sign in and use the Web version cash method of accounting Arwen received 58,000 in limony and 54,500 in child support payments from her former husband. They were divorced in 2013. Aragorn's father passed away on April 14. He inherited cath of $70,000 and a coin collection valued at $9.000. As beneficiary of his father's life insurance policy, Aragom also received $550,000. The couple bought 900 shares of Hobbit Inc, stock for $20 per share on July 2. The stock was worth $32 a share on December 31. The stock paid a dividend of $3.00 per share on December 1 Arwen received $2,400 cash and a gold watch valued at $385 for reaching 10 years of continuous service at Lepolas For meeting her performance goals this year, Arwen was informed on December that she would receive $10.000 yeuod boc Lerolas located in Ho Te l ed the boss check front panel process Ce Tape Find December 24 Arwen didn't receive the check at her home until January Are The company reported ordinary business 30 percent for the of 100 Sobchapters corporate gr the stock the s ple's health i s for qualified plan Use the below to show that you did and did not include in the cross come and your explanation Feel free to search De Arazom won a $3,210 cash prize at a raffle drawing for Galadriel's sports team fundrais Gross Income Use the table below to show what you did and did not include in their Gross Income and your explanation. Feel free to add additional rows if necessary. Amount Explanation o search VUESIUNI (15 Points) Arwen and Aragornare mamed. Arwen has a 15-year-old daughter (Galadriel) from her previous marriage. The Solo's reported the following financial information pertaining to their activities during the current year. Use this information to calculate their Gross income for 2019 Arwen borrowed 552,000 from Legolas to purchase a car Legolas charged her 2 percent interest ($1,040) on the loan, which she paid off on December 31, but they would have charged her $2,280 if interest was calculated at the applicable federal interest rate Arwen works as an interior designer and earns a salary of 5145.000 Arwen received 53,700 of interest from Bilbo corporate boods and $2,560 of interest from a Balrog municipal bond Atenced these boods srit to be retor Aragom W an upacale barber shop The shop collected 565.000 in revenues. During the year be spent 56.300 for supplies, 59 300 for utilities $25.000 for rest, and $3.000 for miscellaneous expenses. One customer gave him use of his action home for a week-end ( 51 900) exchange for barbervices for the year. Arron account for his bossess acties in the cash method of accounting 600 y $4.500 is child support payments from her former husband. They were Area recere dingen) Ara fa passed away Apr 11 Helente cash and a con collection valued at 59.000 Activate Use free at Office.com products inactive. To use for free, sign in and use the Web version cash method of accounting Arwen received 58,000 in limony and 54,500 in child support payments from her former husband. They were divorced in 2013. Aragorn's father passed away on April 14. He inherited cath of $70,000 and a coin collection valued at $9.000. As beneficiary of his father's life insurance policy, Aragom also received $550,000. The couple bought 900 shares of Hobbit Inc, stock for $20 per share on July 2. The stock was worth $32 a share on December 31. The stock paid a dividend of $3.00 per share on December 1 Arwen received $2,400 cash and a gold watch valued at $385 for reaching 10 years of continuous service at Lepolas For meeting her performance goals this year, Arwen was informed on December that she would receive $10.000 yeuod boc Lerolas located in Ho Te l ed the boss check front panel process Ce Tape Find December 24 Arwen didn't receive the check at her home until January Are The company reported ordinary business 30 percent for the of 100 Sobchapters corporate gr the stock the s ple's health i s for qualified plan Use the below to show that you did and did not include in the cross come and your explanation Feel free to search De Arazom won a $3,210 cash prize at a raffle drawing for Galadriel's sports team fundrais Gross Income Use the table below to show what you did and did not include in their Gross Income and your explanation. Feel free to add additional rows if necessary. Amount Explanation o search