(48) Income: Gross salary and commissions from Ace Corporation Rent received from tenant in Liz's rental house Dividends received on her portfolio of stocks $50,000 13,000 5,000 Expenses: Interest and property taxes on her own home Taxes, interest and repair expenses on rental house Depreciation expense on rental house 9,000 3,500 2,300 What is her adjusted gross income for the year? A) $64,300 B) $53,200 C) $62,200 D) $68,000