David and Doris Kelley were divorced on February 3, 2018. They lived apart during 2018. The divorce decree required David to make the following payments:

a. Transfer full title to their jointly owned family home to Doris. Fair market value of the home is \(\$ 180,000\), basis \(\$ 150,000\).

b. \(\$ 1,000\) per month mortgage payments on the house, above. The mortgage has 20 years remaining before being fully paid off, but the payments would end on her death.

c. \(\$ 2,000\) per month for 10 years' support payments to Doris, of which \(\$ 600\) per month is child support.

d. Doris insisted that the children attend private schools. In 2018, David paid \(\$ 1,500\) in tuition for the children's private high school.

David paid his lawyer \(\$ 5,000\) to represent him in the divorce proceedings. David and Doris agreed that Doris would maintain a home for the children. Further, Doris agreed to allow David to claim one child as a dependency exemption. This agreement was put in writing and signed by Doris.
Besides the divorce, David has had a big year financiaily. He owns an apartment house and he requires each new tenant to place a \(\$ 750\) security deposit with him before moving into the apartment. When the tenant ultimately vacates the apartment, David will refund the deposit. In 2018, David collected \(\$ 3,750\) in security deposits and rental income of \(\$ 15,000\).
David entered a local raffle in 2018. David won first prize, which was a new automobile with a window price of \(\$ 20,000\). He checked with several local car dealers and was positive that if he had purchased a similar car on his own, the price would have been \(\$ 18,200\).
David loaned his sister Lois \(\$ 5,000\). Lois was repaying the loan at \(\$ 100\) per month plus interest of \(\$ 40\). Since Lois was about to depart on an extended vacation on December 2 , 2018 , she gave David \(\$ 200\) plus interest of \(\$ 80\) to cover the months of December and January.
David has a good job that pays an annual salary of \(\$ 50,000\). In 2018 , business was very good and in December 2018 bonuses were announced for the employees. David earned a \(\$ 4,000\) bonus for 2018 . Bonuses would be mailed to the employees during the first week of January 2019. David has itemized deductions of \(\$ 20,000\).
Determine David's 2018 taxable income.