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An individual purchased a rental property for $120,000 in 2021 . In 2022 , the individual received gross rents of $12,000, incurred operating expenses of

An individual purchased a rental property for $120,000 in 2021 . In 2022 , the individual received gross rents of $12,000, incurred operating expenses of 10,000 and had an opening undepreciated capital cost (UCC) of $60,000. What would be the net rental income or (loss) in 2022? Multiple Choice $12,000 $2,000 $0 $(400)

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