4. Linkin Log opened a real estate leasing business on January 1, 2018 of the current year. During the year, the following transactions occurred and were recorded in the company's books:

1. John Link, owner, invested $225,000 cash to start the business Linkin Log. 2. John Link bought a commercial building for $125,000 on March 1, 2018. The property was comprised of building of $100,000 and land of $25,000. The building is depreciable over a 25 year life for GAAP and a 40 year life for tax. 3. The company paid $5,000 cash to rent office space for the 2018 year. 4. The company received $36,000 in rent which represented payment under the lease on the property. The payment was for the rental period from January 1 December 31, 2018. 5. The company paid $1,200 for a maintenance contract under which services were rendered during the year. 6. The company received $3,000 of rent which represented payment under the lease on the property. The payment was for the rental period from January 1 January 31, 2019. 7. The company paid cash of $1,500 for utilities for 2018 bills. 8. The company paid 2018 property taxes in the amount of $10,000 on July 1, 2018 and the company also paid for 2019 property taxes in the amount of $3,500 on December 15, 2018.

9. The company paid interest expense of $3,000 on its outstanding debt during 2018. Accrued, unpaid interest through the end of the year, December 31, 2018, was an additional $300. 10. John Link withdrew $5,000 for his personal use from the company.

Based on the information above, GAAP net income as computed using the accrual method of accounting, should be:

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Based on the information above, taxable net income as computed using the accrual method of accounting, should be:

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Based on the information above, net operating income (NOI) for GAAP as computed under the accrual method of accounting should be:

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Based on the information above, net income as computed under the cash method of accounting (i.e. not under GAAP) should be:

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