please helpProblem $4-29($LO$.1)$

Determine Amos's gross income in each of the following cases:

If an amount is zero, enter $"0."$

Gross Income

a$.$ In the current year, Amos purchased an automobile for $$25,000.$ As part of the transaction, Amos $

received a $$1,500$ rebate from the manufacturer.

b$.$ Amos sold his business. In addition to the selling price of the stock, he received $$50,000$ for a

covenant not to compete$-$an agreement that he will not compete with his former business for

five years.

c$.$ Amos owned some land he held as an investment. As a result of a change in the zoning rules, the $

property increased in value by $$20,000.$