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QUESTION
A reports the following rental activity: Rent income collected $36000 Rental expenses:
Corp. A reports the following rental activity:
Rent income collected $36000
Rental expenses:
advertising 800
commissions 2400
depreciation 3000
interest expense 4100
real estate tax 5000
repairs 900
utilities 11000
total expenses 18700
what is Corp. A's adjusted income from rent?
