Reggie and Bebe Own an Apartment Building in Portland,Oregon,with 8

Multiple Choice

Reggie and Bebe own an apartment building in Portland,Oregon,with 8 identical units.They live in one and rent the remaining units.Their rental income for the year was $45,000.They incurred the following expenses for the entire building: $\begin{array}{lr}\text { Advertising for available units } & \$ 50 \\\text { Maintenance } & 9,000 \\\text { Repairs } & 7,500 \\\text { Utilities } & 12,000 \\\text { Depreciation } & 8,000\end{array}$ What amount of net income should Reggie and Bebe report for the current year for this rental? (Round your answer to the nearest whole dollar)

A) $7,650
B) $12,213
C) $38,350
D) $45,000