Jacqueline Owns a Condominium on an Island in Washington That

Multiple Choice

Jacqueline owns a condominium on an island in Washington that was rented out all year for $30,000.She incurred the following expenses: $\begin{array}{lr}\text { Mortgage interest } & 1,300 \\\text { Property taxes } & 800 \\\text { Insurance } & 1,500 \\\text { Utilities } & 1,800 \\\text { Repairs } & 300 \\\text { Depreciation } & 4,000\end{array}$ What amount of net income or loss does Jacqueline report from this rental property?

A) $0
B) $9,700 net loss
C) $20,300 net income
D) $30,000 net income