Furniture Focus Limited provides competitive prices to consumers by using a no$-$frills approach to displaying its product in large stores surrounded by ample parking. Furniture Focus Limited has excess land that is not currently used in its business. This vacant land is rented to the adjacent automobile dealer who stores new cars on it$.$or he year ended December $31,2033,$ Pumiture Pous Liniked had the foldwing operatingincome$/$expenses:salesCost of goods soldGross profitSelling expenses $........$General and administrative expenses$15$$$35,000\mathrm{.}000(20,000,000)$$$15,000\mathrm{.}000(5,000,000)(2,000\mathrm{.}000)$Other incomeNet income$ $8,000\mathrm{.}00050\mathrm{.}000$$ $8,050,000$the general and administrative expenses include $$30,000$ of interest and $$5,000$ of property taxes on the vacant land recades sto, out or reile dealer. There are no other expenses cont property taxes on thier income includes $$10,00$ of rental income paid by the automobie dealer.Determine the income tax consequences of the various payments related to the vacant land.