Please answer showing computations. PROBLEM 5 Terry had the
Image transcription text ERQBLEM 5 _ Terry had the following items on last year’s return: Salary $40,000 Short-term capital gain3,000 Nonbusiness bad debt (10,000) For the current year return, Terry had the following items: Salary$45,000 Section 1244 stock which became worthless in current year (8,000) Collection of last y… Show more Please answer showing computations