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  3. (tco e) betty brewster received the following inte

(TCO E) Betty Brewster received the following interest. Luggage gift for purchasing a four-year certificate...

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Accounting

(TCO E) Betty Brewster received the following interest.

Luggage gift for purchasing a four-year certificate of deposit (fair market value): $50

Interest on passbook savings account: $15

Interest on certificate of deposit: $200

Dividends on share account savings in credit union: $150

Interest on State of Mississippi bonds issued to finance state highway construction: $300

What is the amount of interest income to be included in income? (Points : 15)

Please show work.

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