2. Construct the net income for Hammond Harmony Apartments if the management fee is 4.5% of EGI, annual salaries are $195,500, insurance is $68,200, supplies cost $22,400 per year, advertising/legal is $33,100, maintenance is $70,000, and repairs and replacements are $80,000 per Pyear. Property taxes are projected to be $290,500 next year. Utilities average $9,075 per month.