Bill Is the Owner of a House with Two Identical

Bill is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenant. The tenant made timely monthly rental payments of $550 per month for the months of January through December, 2014. The following expenses were incurred on the entire building: In addition, depreciation allocable to the rented apartment is $1,500. What amount should Bill report as net rental income for 2014?

A) $0
B) $100 loss
C) $2,500
D) $3,250
E) None of the above