Rental details from operation of two separate rental properties:

Property $1$ Property $2$ Property $3$

Gross rental revenue $.............................$ $ $62,000$ $ $52,000$ $$25,000$

Utilities $......................................9,0008,000$ $$10,000$

Property taxes $.................................5,8003,500$ $$8,000$

Repairs $......................................4,5009,800$ $$4,000$

Mortgage interest $...............................24,00043,00012,000$

Opening UCC $..($Class $1)..$Jan $1,2023..............................$ $$388,560$ $$565,864$ see note $6$A

$6.$ Purchases made during $2023$ were as follows:

a$)$ A new office building was purchased for $$1,290,000.$ The cost of the land was $$370,000$ and the balance was allocated to the building. The owner rented the building so the closing date $($date the owner took ownership$)$ of September $1$st$,2023$ coordinated with the new business tenants who occupied the building. The details of the operations are listed above under Property $3.$ Property $1$ was sold during $2023.$ The closing date of the sale was December $31,2023.$ The selling price was $$700,000$ and the original cost of Property $1$ was $$530,000.$