Question: Please bold answer in explanation Required Information Problem 5-39 (LO 5-1) (Algo) [The following information applies to the questions displayed below.] For the following independent

 Please bold answer in explanation Required Information Problem 5-39 (LO 5-1)(Algo) [The following information applies to the questions displayed below.] For thefollowing independent cases, determine whether economic Income is present and, if so,

Please bold answer in explanation

Required Information Problem 5-39 (LO 5-1) (Algo) [The following information applies to the questions displayed below.] For the following independent cases, determine whether economic Income is present and, if so, whether it must be Included in gross income (l.e., Is It realized and recognized for tax purposes?). (Leave no answers blank. Enter zero if applicable.) Problem 5.39 Part-a (Algo) a. Asla owns stock that is listed on the New York Stock Exchange, and this year the stock Increased in value by $21.250. Amount Economic Income Amount included in Gross Income b. Ben sold stock for $16.250 and pald a sales commission of $325. Ben purchased the stock several years ago for $6,500. Amount Economic Income Amount included in Gross Income c. Bessie is a partner in SULU Enterprises LLC. This year SULU reported that Bessie's share of rental income was $4,575 and her share of municipal Interest was $1,375. Amount Economic Income Amount included in Gross Income

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