Polly is a cash basis taxpayer with the following transactions during the year:

Cash received from sales of products	$90,000
Cash paid for expenses (except rent and interest)	30,000
Rent paid on a leased building for 24 monthsbeginning December 1	54,000
Prepaid interest on a bank loan, paid on December 1, for the next 3 months	6,000
Four months' rent received on a leased building, on October 1	8,000

Calculate Polly's income from her business for this calendar year.

Sales income
Rental income
	Total income
Expenses other than rent and interest
Rent
Interest
	Total expenses
Net income