Will and Janine are divorced during the current year. Will is to have custody of their two children and will receive their house as part of the divorce sttlement. The house, which Will and Janine bought for $60000 is worth $100000. Janine is to receive one of their automobiles, for which they paid $21000 and which is now worth $9000. Will will get the other automobile, which cost $6000 and which is now worth $2000. Janine is to pay Will alimony of $900 per month. However, the alimony payment is to be reduced by $200 per month as each child reaches age 8 or if a child shoud die or marry before reaching age 18. What are the tax effects of the divorce settlement for Will and Janine?