Minnie and Mickey are married. Minnie has a 15-year-old son (Mortimer) from her previous marriage. The Mouses

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Minnie and Mickey are married. Minnie has a 15-year-old son (Mortimer) from her previous marriage. The Mouse’s reported the following financial information pertaining to their activities during the current year. Use this information to calculate their Gross income for 2020.

A	Minnie works as a financial analyst and earns a salary of $195,000.
B	Mickey owns an upscale computer repair shop. The shop collected $195,000 in revenue. During the year, he spent $18,500 for supplies, $13,500 for utilities, $29,000 for rent, $23,900 in salaries, and $2,800 for miscellaneous expenses. One customer gave him the use of his vacation home for 4 weekends (worth $15,600) in exchange for computer services for the year. Mickey accounts for his business activities using the cash method of accounting.
C	Mickey's father passed away on April 14. He inherited cash of $35,000 and a coin collection, valued at $25,000. As a beneficiary of his father's life insurance policy, Mickey also received $450,000.
D	Minnie received $1,900 cash and a gold watch valued at $650 for reaching 15 years of continuous service at Wonderland.
E	Minnie received $2,700 of interest from Neverland corporate bonds and $3,560 of interest from an Atlantica city bond. Minnie received these bonds prior to her marriage to Mickey.
F	Minnie borrowed $62,000 from Wonderland to purchase a car. Wonderland charged her 0.5 percent interest ($980) on the loan, which she paid off on December 31, but they would have charged her $1,960 if interest was calculated at the applicable federal interest rate.
G	The couple bought 1,200 shares of Ursula Inc. stock for $30 per share on January 4. The stock was worth $42 a share on December 31. The stock paid a dividend of $5.00 per share on December 1.
H	For meeting her performance goals this year, Minnie was informed on December 23 that she would receive a $25,000 year-end bonus. Wonderland (located in Houston, Texas) mailed the bonus check from its payroll processing center (Tampa, Florida) on December 22. Minnie didn’t receive the check at her home until January 2.
I	Minnie’s employer pays the couple’s annual health insurance premiums of $16,500 for a qualified plan.
J	Mickey won a $2,210 cash prize at a raffle drawing for Mortimer’s sports team fundraiser
K	Minnie received $6,500 in alimony and $5,200 in child support payments from her former husband. They were divorced in 2015.
L	Minnie is a 15 percent owner of Rapunzel Inc., a Subchapter S corporation. The company reported ordinary business income for the year of $84,000. Minnie acquired the Rapunzel stock 9 years ago.