A corporation, whose business was the rental of residential properties, owned a class 1 building with undepreciated capital cost (UCC) of $100,000. Rental revenue, including unearned rent deposits of $1,000, was $35,000. Total expenses, excluding capital cost allowance (CCA) and repairs, were $15,000. Replacing the shingle roof with a metal roof for $10,000 was the only repair. What would be the net rental income?

Question 5 options:

A)$4,400

B)$14,400

C)$14,800

D)$15,400