Briana owns two residential rental properties and purchased a third in 20X1. Details related to the properties are as follows:

Total rent received ($4,000 is a deposit in respect of next year) 24,000

Total expenses to earn rental income, excluding CCA 16,000 Building #1 opening UCC 72,000 Building #2 opening UCC 180,000 Proceeds of disposition on building #1 on April 30, 20X1 120,000 Original cost of building #1 80,000 Cost of new rental building purchased on May 1, 20X1 (land excluded) 250,000.

Required: Compute the minimum rental income for Briana in 20X1 in respect of her rental operations