Thomas died on August 15 of the current year. On September 2, his estate received a check for $2,000 from Thomas’s former employer for his final pay period. On September 18,Thomas’s estate received a $70,000 distribution from his employer’s retirement plan. Both Thomas and the estate are cash-basis, calendar-year taxpayers. How much income must the estate report as a result of receiving these items?

AppendixLO1