To complete this assignment, you will need to download Form 1040, Schedule B and instructions to both. Gary and Gladys invest in bonds. In the current year, they received the following interest: California general revenue bonds $ 800 New York City sanitation fund bonds $1,000 Seattle School District bonds $400 AT&T 20-year bonds $600 Under Sec. 103, gross income does not include interest on obligations of a state or any political subdivision thereof. The use of the proceeds of the bonds does not ordinarily change the taxation of the interest (although special rules apply in the case of private activity bonds and arbitrage bonds). Required (points): 1. (0.5) Please prepare Form 1040, page 1, lines 2a and 2b and attach. 2. (1) Regardless of whether it is required, please prepare Schedule B, Part I and attach. 3. (0.5) Were the taxpayers required to complete Schedule B? 4. (1) Support your answer to the previous question by quoting from the instructions to 1040 or to schedule B.