Roger, an Individual, Owns a Proprietorship Called Green Thing

Essay

Roger, an individual, owns a proprietorship called Green Thing. For the year 2017, Roger has the following items:
∙ Business income-$200,000.
∙ Business expense-$150,000.
∙ Loss on a completely destroyed business machine. The machine had an adjusted basis of $25,000 and a fair market value of $20,000.
∙ Loss on a business truck. The truck had an adjusted basis of $8,000. The repairs to fix the truck cost $10,000.
Determine Roger's adjusted gross income for 2017.