Mario owns two rental properties, which he rents to residential tenants. Data on those properties for the current year is as follows:

	Property A	Property B
Class	3	1
Gross rent	$12,000	$38,000
Utilities and property tax	3,000	5,000
Mortgage payments	27,000 (13,000 of interest)	19,000 (10,000 of interest)
January 1, current year undepreciated capital cost (UCC)	$100,000	$275,000

Which of the following is the minimum net rental income to be reported for Mario in the current year, with respect to Properties A and B?

Question 23 options:

	$8,000
	$1,250
	($4,000)
	$3,000