Required information Comprehensive Problem 5-75 (LO 5-1, LO 5-2, LO 5-3) (Static) [The following information applies to the questions displayed below] Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is still very actlve. Ken reported the following financial information this year. Assume Ken fles as a single taxpayer: a. Ken won $1,200 in an iliegal game of poker (the game was played in Utah, where gambling is lillegai). b. Ken sold 1,000 shares of stock for $32 a share. He inherited the stock two years ago. His tax bosis (or investment) in the stock was $31 per share. c. Ken received $25,000 from an annulty he purchased eight years ago. He purchased the annuity, to be paid annually for 20 years, for $210,000. d. Ken recelved $13,000 in disability benefits for the year. Ho purchased the disability insurance policy last yeat e. Ken decided to go back to school to learn about European history. He received a $500 cash scholarship to attend. He used $300 to pay for his books and tuition, and he applied the rest toward his new car payment. f. Kenis son, Mike, instructed his employer to make half of his final paycheck of the year payable to Ken as a git from Mike to Ken. Ken recelved the check on December 30 in the amount of $1,100. 9. Ken recolved a $610 refund of the $3,600 in state income taxes his employer withheld from his pay last year, Ken claimed $13,000 in itemized deductions last year (the standard deduction for a single filer was $12,950 ) h. Ken received $30,000 of interent from corporate bonds and money market accounts. Comprehensive Problem 5-75 Part-1 (Static) 1. Determine Ken's gross income