Geraldine is an accrual basis taxpayer who has the following transactions during the current tax year:

Accumulated business income (except rentals)	$ 334,200
Accrued business expenses (except rent)	250,650
Rental income from a leased building for the next 6 months, received on December 1	33,420
Prepaid rental expense for 6 months, paid on December 1	16,710

Calculate Geraldine's net income from her business for the current year.

Income:
	Apart from the rent	ps
	Rent
Bills:
	Apart from the rent
	Rent
Net Income		ps