TAX FORM/RETURN PREPARATION PROBLEM Sally W. Emanual had the following dividends and interest during the current year: Acorn Corporation bond interest$ 700 City of Boston bonds interest Camp Bank interest Jet Corporation dividend (qualified) 1,300 North Mutual fund 1,000 1,250 Capital gain distribution Ordinary dividend (qualified) 150 Nontaxable distribution 100 200 450 Blue Corporation foreign dividend 250 Additional information pertaining to Sally Emanual includes $70,000 12,000 14,000 7,000 4,000 Salary Rent income Expenses related to rent income Pension benefits Alimony paid to Sally The taxable portion of the pension is $7,000. Sally actively participates in the rental activ- ity. Other relevant information includes Address: 430 Rumsey Place, West Falls, California 92699 Occupation Credit manager Social Security number: 123-45-6789 Marital status: Single Complete Sally's Schedule B and Form 1040. Assume Schedule E has already n prepared TAX FORM/RETURN PREPARATION PROBLEM Sally W. Emanual had the following dividends and interest during the current year: Acorn Corporation bond interest$ 700 City of Boston bonds interest Camp Bank interest Jet Corporation dividend (qualified) 1,300 North Mutual fund 1,000 1,250 Capital gain distribution Ordinary dividend (qualified) 150 Nontaxable distribution 100 200 450 Blue Corporation foreign dividend 250 Additional information pertaining to Sally Emanual includes $70,000 12,000 14,000 7,000 4,000 Salary Rent income Expenses related to rent income Pension benefits Alimony paid to Sally The taxable portion of the pension is $7,000. Sally actively participates in the rental activ- ity. Other relevant information includes Address: 430 Rumsey Place, West Falls, California 92699 Occupation Credit manager Social Security number: 123-45-6789 Marital status: Single Complete Sally's Schedule B and Form 1040. Assume Schedule E has already n prepared