Required information Problem 6-31 (LO 6-1) (Algo) [The following information applies to the questions displayed below] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2022, Rocco had the following income and expenses. You may assume that Rocco will owe $2,542 in self-employment tax on his salon income, with $1,271 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. Interest income Salon sales and revenue Salaries paid to beauticians Beauty salon supplies $ 12,340 87,060 45,600 Alimony paid to his ex-wife, Svetlana Rental revenue from apartment building Depreciation on apartment building 23,470 6,350 32,480 Real estate taxes paid on apartment building 13,250 11,380 Real estate taxes paid on personal residence Contributions to charity 6,444 4,468 a. Determine Rocco's AGI. Note: Amounts to be deducted should be indicated by a minus sign. Interest income Salon revenue Less: Salaries paid to beauticians Less: Beauty salon supplies Operating income from salon Apartment building revenue Less: Contributions to charity Apartment building income Less: Salaries paid to beauticians Less: Self-employment tax Less: Alimony AGI $ 12,340 87,060 (45,600) (23,470) (4.468) (6,350) $ 5,990