An Annual Operating Data sheet, prepared by a listing agent and handed to a prospective buyer, provides

The answer is d) All of the above. An Annual Operating Data sheet contains all of the listed information - the estimated net operating income (NOI), spendable income, and income tax consequences for the prospective buyer in the first year of ownership. The NOI is an important figure as it provides an estimate of the property's income potential after accounting for operating expenses. Spendable income is the amount of money available for the owner to use after all necessary expenses have been deducted. Lastly, understanding the income tax consequences is important for the prospective buyer to properly prepare for their investment. Therefore, all of the options in the question are correct.