On July 1, 2020 Esther Borrowed $8,000 from the Bank

Multiple Choice

On July 1, 2020 Esther borrowed $8,000 from the bank and purchased 400 shares in No Hope Ltd. for $20 per share. Esther felt that this was a safe investment because she read online in a blog that No Hope would be paying dividends of $1.50 per share during the last half of 2020. Unfortunately, this didn't happen and she only received eligible dividends totalling $100 during 2020. On December 31 she paid the bank loan interest of $240. On her 2020 tax return, Esther will report:

A) Net Property Income of $100.
B) Net Property Income of $138.
C) Net Property Income of $0.
D) Net Property Loss of $102.