7. Mary and Philip purchased an apartment building in January 2004, which they actively manage. During the current year, the apartment building generates a loss of $35,000. Their other income is as follows: Salaries $80,000 Dividends and interest 8,000 Loss from limited partnership acquired in 1999 What is Mary and Philip's adjusted gross income? (4,000) a.$59,000 b.$63,000 c.$84,000 d.$88,000 e.None of the above.