A. peyton was selected the most valuable player in the super bowl. in recognition of this, he was awarded an automobile with a value of $60,000. peyton did not need the automobile, so he asked that the title be put in his parents' names. peyton is required to include $ in gross income. b. jacob was awarded the nobel peace prize. when he was presented the check for $1,400,000, jacob said, "i do not need the money. give it to the united nations to use toward the goal of world peace." jacob is required to include $ of the prizes received in his gross income. c. linda won the craig county fair beauty pageant. she received a $10,000 scholarship that paid her $6,000 for tuition and $4,000 for meals and housing for the academic year. linda is required to include $ of the scholarship in her gross income.

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31