14. A property that produces an annual Nol of $120,000 was purchased for $2,300,000. Debt service for the year was $95,000 of which $93,200 was interest and the remainder was principal. Annual depreciation is $48,100. What is the taxable income? 1. A) $71,900 2. B) $26,800 3. C) - $21,300 4. D) -$23,100 15. Which of the following REIT types is NOT likely to own real property? 1. A) MortgageREIT 2. B) Equity REIT 3. C) Hybrid REIT 4. D) All of the above