! Required information CARES Problem 6-30 (LO 6-1) (Algo) [The following information applies to the questions displayed below.] Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,610 in self-employment tax on her salon income, with $1,305 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year. Assume CARES Act applies. Interest income Salon sales and revenue Salaries paid to beauticians Beauty salon supplies Alimony paid to her ex-husband, Rocky Rental revenue from apartment building Depreciation on apartment building Real estate taxes paid on apartment building Real estate taxes paid on personal residence Contributions to charity $ 14,510 88,460 46,380 23,610 7,050 35,000 13,950 11,940 6,850 4,930 a. Determine Betty's AGI. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. $ 14,510 $ Interest income Salon revenue Less: Salaries paid to beauticians Less: Beauty salon supplies 88,460 (46,380) (23,610) 18,470 $ Operating income from salon Apartment building revenue Less: Depreciation on apartment building Less: Real estate taxes paid on apartment building 35,000 (13,950) (11,940) 9,110 Apartment building income Less: Self-employment tax Less: Alimony (7,050) AGI $ 35,040