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During 2019, James had the following transactions:  Salary $50,000 Bank loan (proceeds used to buy a car) 15,000 Alimony paid (divorce was finalized in 2015)

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During 2019, James had the following transactions: 

Salary

$50,000

Bank loan (proceeds used to buy a car)

15,000

Alimony paid (divorce was finalized in 2015).

11,000

Gift from aunt

12,000

James' AGI is:

a.$62,000

b.$50,000

c.$39,000

d.65,000

e.$54,000