16. LO.1 Herbert was employed for the first six months of 2021 and earned $90,000 in salary. During the next six months, he collected $8,800 of unemployment compensation, borrowed $12,000 (using his personal residence as collateral), and withdrew $2,000 from his savings account (including $60 of interest earned this year).

He received dividends of $550. In December, he won $1,500 in the lottery on a $5 ticket. Calculate Herbert’s gross income.