Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the following income and expenses. Determine Bettys AGI. You may assume that Betty will owe $2,502 in self-employment tax on her salon income.

Interestincome$ 11,255 Salon sales andrevenue86,360 Salaries paid tobeauticians45,250 Beauty salonsupplies23,400 Alimony paid to her ex-husband,Rocky6,000 Rental revenue from apartmentbuilding32,220 Depreciation on apartmentbuilding12,900 Real estate taxes paid on apartmentbuilding11,100 Real estate taxes paid on personalresidence6,241 Contributions tocharity4,237