Karl Has the Following Income (Loss) During the Current Year

Multiple Choice

Karl has the following income (loss) during the current year:
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$$\begin{array} { l c } \text { Net business income } & \$ 45,500 \\\text { Dividends and interest } & 12,000 \\\text { Actively managed rental property } & ( 34,000 ) \end{array}$$
What is Karl's adjusted gross income for this year?

A) $23,500
B) $31,400
C) $32,500
D) $45,500
E) $57,500