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Denise inherited a large lump sum of money and she decided to spread the wealth by giving $50,000 each to her husband, Adam, and her adult sister, Vickie. Vickie invested her money in an assortment of mutual funds and last year she earned capital gains of $3,000 and interest income of $1,500. Adam used his money to set up a partnership with a long- time associate, Kevin. Both Adam and Kevin actively participate in the business and it was successful from the beginning. Adam’s share of the partnership income was $67,000 last year. What was Denise’s taxable income as a result of these transactions?