Liz, who is single, lives in a single family home and owns a second single family home that she rented for the entire year. Liz had the following items of income and expense durning the current year:

income:

gross salary and commissions from Ace Corporation $50,000

rent received from tenant in Liz's rental house $13,000

cash dividends received on her portfolio of stocks $10,000

expenses:

unreimbursed professional dues $500

subscriptions to newsletters recommending stocks $1000

taxes, interest and repair expenses on rental house $3,500

depreciation expense on rental house $2,500.

What is her adjusted gross income for the year?