Jose, Single, Reports the Following Items for 2019 $\text { Compute Jose's adjusted gross income for } 2019 .$

Essay

Jose, single, reports the following items for 2019: $\begin{array}{lr}\text { Salary } & \$ 44,000 \\\S 1244 \text { loss on stock acquired 3 years ago } & (70,000) \\\S 1244 \text { gain on stock acquired } 10 \text { months ago } & 26,000 \\\text { Worthless security purchased in June of last year } & (4,000) \\\text { Nonbusiness bad debt } & (7,000) \\\text { Interest income } & 8,000\end{array}$

$\text { Compute Jose's adjusted gross income for } 2019 .$