09 Mortgage interest Real estate taxes Utilities Insurance Repairs Depreciation (on business use portion of home) $ 10,910 1,740 2,620 600 2,450 720 What is Jake's net income from his business? What amount of expenses is carried over to the 6 Jake runs a business out of his home. He uses 500 square feet of his home exclusively for the business. His home is 2000 square feet in total, Jake had $28,600 of business revenue and $23.500 of business expenses from his home-based business. The following expenses relate to his home. OL42:33 Mortgage interest Real estate taxes Utilities Insurance Repairs Depreciation (on business use portion of hone) $ 19,910 1,748 2,628 bee 2,450 720 BOOK What is Jake's net income from his business? What amount of expenses is carried over to the following year if any