Cole, a 48-year-old married individual, received the following in 20X14:

In addition, Cole spent $500 on lottery scratch-off cards in 20X14. All of the cards were losers except for one, from which Cole won $1,000. Given these facts, what total amount from the above should be included in gross income on Cole’s 20X14 tax return?

a. $ 4,550

b. $ 6,550

c. $11,050

d. $11,550

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S Corp stock dividends Interest earned on federal Treasury bills Interest earned on municipal bonds Interest earned on state income tax refund Interest earned on Series EE savings bonds, used to help pay for room and board for dependent in college Common stock property dividend (FMV) $5,000 1,000 2,500 50 1,500 3,000