PRACTICE PROBLEM 5.4: CARRYING CHARGES Monica earns the following amounts in the current year: Dividends from Apex Inc., a public Canadian corporation subject to high corporate tax rates. $ 5,000 Rental income $18,000 Monica has the following expenses, related to her property income, in the current year: Interest on loan used to purchase shares of Apex Inc. $ 500 Repairs of rental property $5,000 Interest on loan used to purchase Monica's personal car $ 1,250 Property management fees (rental) $ 1,500 Mortgage interest (on rental property) $2,750 The opening UCC on Maria's rental property (Class 1, 4%) is $125,476. Calculate Maria's net rental income and net property income for the current year