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In: AccountingResearch the tax treatment for each of the following incomeitems:1. Rental income4. Amounts received from...Research the tax treatment for each of the following incomeitems:1. Rental income4. Amounts received from settlement of lawsuits orfrom court judgments. Specifythe different treatment for:(a) compensation for pain andsuffering,(b) punitive damage awards,(c) compensation for mental andemotional distress,(d) compensation for lost wages5. Discharge of Indebtedness Income6. Scholarships