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Janice Hoplin, MD , owned her own medical clinic. She also owned the office building in which the clinic was located. The medical activity generated

Janice Hoplin, MD, owned her own medical
clinic. She also owned the office building in
which the clinic was located. The medical
activity generated $125,000 of net income.
She managed the building, which had 15
other medical professionals (tenants), from
her medical office. The office rental activity
provided her with a $12,000 net loss for the
year. What is Janice's adjusted gross income?
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