ABC Inc., an accrual-basis corporation, owns a building which was rented to XYZ Corporation under a 10-year lease expiring August 31, Year 8. On January 2, Year 2, XYZ paid $25,000 as consideration for canceling the lease. On November 1, Year 2, ABC leased the building to Alex under a five-year lease. Alex paid Next $10,000 rent for the two months of November and December, and an additional $5,000 for the last month's rent. What amount of rental income should ABC Inc. report in its Year 2 income tax return? a. $40,000 b. $15,000 c. $10,000 d. $35,000