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Lane is single and has two dependent children. Financial records show the following items in...

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Accounting

Lane is single and has two dependent children. Financial records show the following items in the current year:

Gift from a friend ------$12,000

Dividends received on stock ------$1,200

Prize won in state lottery ------$1,000

Salary from employer ------$35,000

Child support received from ex-spouse ------$6,000

Alimony received from ex-spouse (2016 divorce) ------$12,000

How much is Lanes adjusted gross income for the current year?

A. $49,200.

B. $48,200.

C. $47,000.

D. $67,200.

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