art aubrey owns and operates an apartment building. During 2015, he received the following:
Payment on 6/1/15 for 12 months of advance rent $4,800
Monthly rent payments $43,200
Security Deposits to be returned to tenants at end of lease $3,000
Payments for cancelling a lease $400.00
Deductible maintenance rental expenses paid by tenants $600
What is Art’s gross rental income?