Required information [The following information applies to the questions displayed below.] Grady is a member of...

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Required information [The following information applies to the questions displayed below.] Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. (Leave no answer blank. Enter zero if applicable.) a. A gift of $26,000 from Grady's grandfather. Is this payment realized income? Amount to be included in gross income b. 1,000 shares of GM stock worth $240 per share inherited from Grady's uncle. The uncle purchased the shares for $49 each, and the shares are worth $245 at year-end. Is this payment realized income? Amount to be included in gross income c. A gift of $54,00o0 of Ford Motor bonds. Grady received the bonds on October 31, and he received $1,620 of semiannual interest from the bonds on December 31. Gift of Ford Motor Bonds: Is this payment realized income? Amount to be included in gross income d. A loan of $6,200 for school expenses from Grady's aunt. Is this payment realized income? Amount to be included in gross income Required information [The following information applies to the questions displayed below.] Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. (Leave no answer blank. Enter zero if applicable.) a. A gift of $26,000 from Grady's grandfather. Is this payment realized income? Amount to be included in gross income b. 1,000 shares of GM stock worth $240 per share inherited from Grady's uncle. The uncle purchased the shares for $49 each, and the shares are worth $245 at year-end. Is this payment realized income? Amount to be included in gross income c. A gift of $54,00o0 of Ford Motor bonds. Grady received the bonds on October 31, and he received $1,620 of semiannual interest from the bonds on December 31. Gift of Ford Motor Bonds: Is this payment realized income? Amount to be included in gross income d. A loan of $6,200 for school expenses from Grady's aunt. Is this payment realized income? Amount to be included in gross income