Liz, Who Is Single, Lives in a Single Family Home

Liz, who is single, lives in a single family home and owns a second single family home that she rented for the entire year at a fair rental rate. Liz had the following items of income and expense during the current year. Income:
$$\begin{array} { | l | r | } \hline \text { Gross salary and commissions from Ace Corporation } & \$ 50,000 \\\hline \text { Rent received from tenant in Liz's rental house } & 13,000 \\\hline \text { Dividends received on her portfolio of stocks } & 5,000 \\\hline\end{array}$$ Expenses:
$$\begin{array} { | l | r | } \hline \text { Unreimbursed professional dues } & 200 \\\hline \text { Subscriptions to newsletters recommending stocks } & 900 \\\hline \text { Taxes, interest and repair expenses on rental house } & 3,500 \\\hline \text { Depreciation expense on rental house } & 2,300 \\\hline\end{array}$$ What is her adjusted gross income for the year?

A) $52,700
B) $61,100
C) $62,200
D) $68,000