Would you please help answering the following problem?

Problem 70

2018 CCH Federal Taxation - Basic Principles

Bill and Alice Savage, husband and wife and both age 42, have the following transactions during 2018:

a. They sold their old residence on January 28, 2018, for $380,000. The basis of their old residence, purchased in 2008, was $70,000. The selling expenses were $20,000. On May 17, 2018 they purchased and moved into another residence costing $150,000.

b. On April 28, 2018 they sold for $8,000 stock that Alice had received as a gift from her mother, who had purchased the stock for $10,000 in 2013. Her mother gave Alice the stock on November 15, 2017, when the fair market value was $9,400.

c. On May 24, 2018 Bill sold for $21,000 stock inherited from his father. His father died on June 14, 2017, when the fair market value of the stock was $9,000. Bill's father paid 7000 for the stock in 2011.

d. On August 11, 2018 they sold a personal automobile for $8,000: basis of the automobile was $20,000 when it was purchased in 2015.

e. They had carryover and other stock transactions as follows:

LTCL carryover from 2017 ($7,000)

STCG $2,000

LTCG $3,500

Bill had a salary of $40,000 and Alice had salary of $28,000. They have no children.They paid state income taxes of $6,200, sales tax of 400, federal income taxes of $15,000 and property taxes of $ $1,700. In addition, they contributed $16,000 to their church and paid $4,000 interest on their home mortgage.

Compute Bill and Alice's taxable income for 2018