Exercise 12-7A Job-order costing in a service company LO 12-2

Weber Condos Corporation is a small company owned by James Ortiz. It leases three condos of differing sizes to customers as vacation facilities. Labor costs for each condo consist of maid service and maintenance cost. Other direct operating costs consist of interest and depreciation. The direct operating costs for each condo follow.

				Other Direct
	Direct Labor			Operating Costs
Condo 1	$	16,700		$	41,800
Condo 2		19,800			43,000
Condo 3		26,750			61,500
Total	$	63,250		$	146,300

Indirect operating expenses, which amounted to $36,575, are allocated to the condos in proportion to the amount of other direct operating costs incurred for each.

Required:

a.	Assuming that the amount of rent revenue from Condo 2 is $105,000, what amount of income did it earn? (Do not round intermediate calculations.)

Income earned ?