Problem 15-20 (LO. 5) Gray, Inc., a private foundation, reports the following items of income and deductions. Interest income $29,000 Rent income 61,000 Dividend income 15,000 Royalty income 22,000 Unrelated business income 80,000 Rent expenses (26,000) (12,000) Unrelated business expenses If required, round your answers to the nearest dollar. a. Gray's net investment income is $ 101,000 Feedback Check My Work b. Gray's tax on net investment income is $ 2,020 X