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Calculate monthly qualifying income for the following self-employed borrower based on the Schedule C information provided: 2016 2017 Gross Revenue $23,141 Gross Revenue $20,899 Depreciation

Calculate monthly qualifying income for the following self-employed borrower based on the Schedule C information provided:
2016 2017
Gross Revenue $23,141 Gross Revenue $20,899
Depreciation expense $1,225 Depreciation expense $1,110
All other expenses $4,236 All other expenses $3,777
Net Income $17,680 Net Income $16,012
Monthly Qualifying Income: notes

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