Accounting Methods $($LO $6\mathrm{.}2)$

Geraldine is an accrual$-$basis taxpayer who has the following transactions during the current calendar tax year:

Calculate Geraldine's net income from her business for the current year.

If required, your answers to the nearest dollar.

Income:

Other than rental

Rental

Expenses:

Other than rental

Rental

Net income

$

$x$

$