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5. Paige Tound a renter for her Tather s house on August 1. The monthly rent is $400, and the lease agreement is for one

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5. Paige Tound a renter for her Tather s house on August 1. The monthly rent is $400, and the lease agreement is for one year. The lease requires the tenant to pay the first and last months' rent and a $400 security deposit. The security deposit is to be returned at the end of the lease if the property is in good condition. On August 1, Paige received $1, 200 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 bill. In December, he reduced his rental payment to $100 to compensate for the plumbing repairs. Paige provides you with the following additional information for the rental in 2017: roperty taxes $770 ther maintenance expenses 285 nsurance expense 495 anagement fee 350 epreciation (to be computed )

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