Countryside Acres Apartment Complex had the following transactions during the year:
Using the accrual method, calculate the net income: 
Definitions:
Natural Rate
The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed and is thought to be due to structural factors in the economy.
Bureau of Labor Statistics
A government agency that collects, analyzes, and disseminates essential economic information to support public and private decision-making.
Natural Rate
The rate of any economic variable, such as unemployment or interest, believed to be inherent when the economy is in equilibrium.
Economic Policy
A course of action that is intended to influence or control the behavior of the economy, including taxation, government budgets, and interest rates.
Q2: Gordon is 60 years old and Mary
Q5: Fletch and Cammie Gates are married with
Q25: Give the depreciable or amortizable lives for
Q51: Ben purchased an apartment building about 10
Q61: If a residence is rented for 15
Q67: Casualty gains and losses from business or
Q77: What is the amount of the deductible
Q91: If personal property is completely destroyed, the
Q94: To be depreciated, must an asset actually
Q97: To have the like-kind exchange provisions apply,