Randall Renters has 3 rental properties with the following rental revenue, expenses and profits. The manager has asked you to calculate what percentage of total profits does property 1 make up. What would be the denominator in this calculation? Rental Revenue Expenses Profit or (Loss) Property #1 $24,000 $7,200 $16,800 Property #2 $7,800 $7,200 $600 Property #3 $4,200 $7,200 ($3,000) O $17.400 O $16,800 O $14,400 O $20,400