Given the Following Information, Calculate the Funds from Operation (FFO)

Multiple Choice

Given the following information, calculate the funds from operation (FFO) . Net income: $1,200,000; Gain/losses from infrequent and unusual events: $0; Amortization of tenant improvements: $120,000; Amortization of leasing expenses: $75,000; Depreciation (real property) : $2,675,000.

A) $195,000
B) $1,395,000
C) $2,870,000
D) $4,070,000