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Jake runs a business out of his home. He uses 500 square feet of his...

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Accounting

Jake runs a business out of his home. He uses 500 square feet of his home exclusively for the business. His home in 2.000 square feet in total. Jake had $25,700 of business revenue and $ of business expenses from his home-based business. The following expenses relate to his home:
21,100
Mortgage interest
$10,370
Real estate taxes
1,440
Utilities
2,528
Insurance
610
Repairs
2,300
Depreciation (on business-use portion of home).
390
What is Jake's net income from his business? What amount of expenses is carried over to the following year, if any?
B
Multiple Cholce
($100) and 50 carryover
$0 and $100 carryover
($13,030) and $0 camyover
$290 and 50 carryover

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