Rev. Giulia Mastero is a full-time minister. The church allows her to use a parsonage that has an annual fair rental value of $28,400. The church pays her an annual salary of $75,000, of which $7,200 is designated for utility costs. Her actual utility costs during the year were $6,800. How much income will Rev. Mastero report for income tax purposes?

$67,800

$68,200

$75,000

$81,800