Question: Use the following information: PGI: $ 6 0 0 , 0 0 0 ; vacancy and collection losses: $ 4 2 , 0 0 0

Use the following information: PGI: $600,000; vacancy and collection losses: $42,000; operating expenses: $88,000; capital expenditures: $10,000. Assume an above-line treatment of capital expenditures. Net operating income is equal to

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