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. In 2021, Betty had the following income and expenses. You may assume that Betty will owe $2,528 in self-employment tax on her salon Income, with $1.264 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 rovence 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 taxon paid on apartment building Real estate taxes paid on personal residence Contributions to charity $11.875 86,760 45.430 23,440 6.200 31.940 13,100 11,260 6,357 4,369 Problem 6-30 Part-a (Algo) a. Determine Betty's AGI. (Amounts to be deducted should be indicated by a minus sign.) Interest income 11,875 86,760 Salon revenue Less: Salaries paid to beauticians Less: Beauty salon supplies (45,430) (23,440) Operating income from salon Apartment building revenue Less: Depreciation on apartment building Less: Real estate taxes paid on apartment building 31,940 (13,100) (11,260) Apartment building income Less: Self-employment tax Less: Alimony (1,264) (6,200) AGI 4,411