Thornton 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 o interest and depreciation. The direct operating costs for each condo follow. Condo 1 Condo 2 Condo 3 Total Direct Labor $16,600 19,600 21,500 $57,700 Other Direct Operating costs $ 39,800 42,000 57,500 $ 139,300 Indirect operating expenses, which amounted to $48,755, 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 $110,000, what amount of income did it earn? (Do not round intermediate calculations.) Income earned