10. McIntyre Corporation is owned by three shareholders. During the current year, McIntyre reported the following: Rental income $ 200,000 Dividend income 20,000 Depreciation expense on the rental property 40,000 Property taxes on the rental property 10,000 Interest expense on the mortgage on the rental property 50,000 What are McIntyre's adjusted ordinary gross income (AOGI) and personal holding company income (PHCI)? a. $120,000 AOGI and $20,000 PHCI b. $220,000 AOGI and $120,000 PHCI c. $120,000 AOGI and $120,000 PHCI d. $220,000 AOGI and $220,000 PHCI