Ground Corporation is a personal holding company. Ground reports the following results for the current year: No dividends are paid during the current year or the 2-and-one-half-month throwback period. The mortgage relates to the rental propertios. Caicuiate the Adjusted income from Rents (AIR) and determine if the AIR is excluded from Personal Holding Company income (PHCI). A) $44,000, excluded from PHCl B) $44,000, inctuded in PHCI C) $24,000, excluded from PHCI D) 324,000 , included in PHCl