Logan B$.$ Taylor is a widower whose spouse, Sara, died on June $6,.$ He lives at $4680$ Dogwood Lane, Springfield, MO $65801.$ He is employed as a paralegal by a local law firm. During $,$ he had the following receipts:

Salary$$$ $80,000$Interest income$$Money market account at Omni Bank$$$$300$Savings account at Boone State Bank$1,100$City of Springfield general purpose bonds$3,0004,400$Inheritance from Daniel$60,000$Life insurance proceeds$200,000$Proceeds from sale of Insight, Inc. stock$80,000$Proceeds from estate sale$9,000$Federal income tax refund $($for tax overpayment$)700$

Logan inherited securities worth $$60,000$ from his uncle, Daniel, who died in $.$ Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $$200,000.$ Logan purchased $500$ shares of Insight, Inc. stock on May $2,,$ for $$85,000$; he held the stock as an investment. He sold the stock on January $5,,$ for $$80,000.$ The estate sale consisted largely of items belonging to Sara and Daniel $($e$.$g$.,$ camper, boat, furniture, and fishing and hunting equipment$).$ Logan estimates that the property sold originally cost at least twice the $$9,000$ he received and has declined or stayed the same in value since Sara and Daniel died.