Doug is a 62 year old single man and has the following income and expense information for 2019: Wages from employer $38,000 Interest income from 1st Nat'l Bank 4,500 Interest from City of Chicago bonds 1,500 Interest from Corporate bonds 1,000 Nonqualifying Dividends from STC stock 2,000 Collections from annuity contract (see below)5,100 Net rental income on townhome 2,200 Alimony paid 1,000 State income tax paid 300 The cost of the annuity was $61,200 and Doug expected to receive 240 monthly payments of $425 each. Calculate the taxable income for Doug for 2019