Question: 3 . On January 1 , 2 0 2 2 , Jacob gave Ryan, his son, a 3 6 - month certificate of deposit he

3. On January 1,2022, Jacob gave Ryan, his son, a 36-month certificate of deposit he had purchased on December 31,2020, for $8,638. The certificate had a maturity value of $10,000 and the yield to maturity was 5%. On November 30,2022, ABC, Inc., had declared a dividend of $1.00 payable to stockholders of record on December 5th. How much interest and dividends should Ryan include in his gross income for 2022?

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