Question: roblem 7-3 (Algorithmic) scounting Methods (to 7.2) C eraldine is an accrual basis taxpayer who has the following transactions during the current calendar tax year

roblem 7-3 (Algorithmic) scounting Methods (to 7.2) C eraldine is an accrual basis taxpayer who has the following transactions during the current calendar tax year Accrued business income (except rent) Acorued business expenses (except rent) Rental income on a building leased for the nest 6 months, received on Decamber 1 Prepaid rent expense for 6 months, paid on December 1 $453,800 340,350 45380 22.690 Calculate Ger?line's net income from her business for the current yea If required, your answers to the nearest dollar Income: Other than rental Rental Expenses Osher than renta Rental Net income DOLL

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