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Stuart Condos Corporation is a small company owned by Dennis Hatch. It leases three condos of differing sizes to customers as vacation facilities. Labor costs

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Stuart Condos Corporation is a small company owned by Dennis Hatch. It leases three condos of differing sizes to customers as vacation facilities. Labor costs for each condo consist of maid service and maintenance cost. Other direct operating costs consist of interest and depreciation. The direct operating costs for each condo follow. Condo1 Condo 2 Condo 3 Total Direct Labor $16,900 19,300 20, 750 $56,950 Other Direct Operating costs $44,800 48,000 60,500 $ 153,300 Indirect operating expenses, which amounted to $53,655, are allocated to the condos in proportion to the amount of other direct operating costs incurred for each. Required a. Assuming that the amount of rent revenue from Condo 2 is $102,000, what amount of income did it earn? (Do not round intermediate calculations.)

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