Mr. and Mrs. Cox buy an apartment building that is estimated to produce a net operating income of $10,000. The property is purchased subject to a loan of $60,000; payment on the loan is $386.58 per month, including 6 percent interest. The available cost recovery for the first year is $2,900. The taxable income for the first year is estimated to be: O $2,461 O $7,539 $3,529 O $6,032 O $7,500