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Pearl owns a house that was rented for the entire year, beginning on January 1,2023....

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Accounting

Pearl owns a house that was rented for the entire year, beginning on January 1,2023. On that date, the tenant paid Pearl a $2,000 security deposit plus $1,300 rent for January and $1,300 rent for the last month, whenever that occurs. The tenant timely paid the $1,300 monthly rent each of the remaining eleven months in 2023. How much rental income will Pearl report for the current year?
a. $15,600
b. $16,900
c. $17,600
d. $18,900

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