Countryside Acres Apartment Complex had the following transactions during the year:

Rental income collected for Apts. A-F $216,000

12 months prepaid rental from new tenant in Apt G who moved in on November 1 $36,000

Operating expenses (except for interest) $24,000

Prepaid interest on bank loan, paid in December, for 6 months (including December) $10,200

Using the accrual method, calculate the net income.