! Required information 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. This year Betty had the following income and expenses. You may assume that Betty will owe $2,620 in self-employment tax on her salon income, with $1,310 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016. 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, 820 88, 660 46, 490 23, 630 7, 150 35, 360 14, 050 12, 020 6, 908 4,996 ! Required information a. Determine Betty's AGI. (Amounts to be deducted should be indicated by a minus sign.) $ 14,820 Interest income Salon revenue $ 88,660 (46,490) (23,630) 18,540 Less: Salaries paid to beauticians Less: Beauty salon supplies Operating income from salon Apartment building revenue Less: Depreciation on apartment building Less: Real estate taxes paid on apartment building $ 35,360 (14,050) (12,020) Apartment building income 9,290 (1,310) Less: Self-employment tax Less: Alimony AGI $ 41,340