15 Paul found a renter for his father's house on August 1. The monthly rent is $600, and the lease agreement is for one year. The lease requires the tenant to pay the rst and last months' rent and a $600 security deposit. The security deposit is to be returned at the end of the tease if the property is in good condition. On August 1, Paul receiyed $1,800 from the tenant per the terms of the lease agreement. in November, the plumbing froze and several pipes burst. The tenant had the repairs made and paid the $300 hill. in December. he reduced his rental payment to $300 to compensate for the plumbing repairs. Paul provides you with the following additional information for the rental in the current year. Property taxes $030 Other maintenance expenses 205 Insurance expense 405 Management fee 350 Depreciation (to loe computed)