2. Kent is self-employed and would like to know what kind of deduction he could get for his home office. He uses the home office exclusively for business. He reports the following for his business: Sales Revenue Cost of Goods Sold Advertising Expense Business license Postage shipping 75,000 55,000 4,000 1,000 9,000 Kent purchased his home for $250,000 (of that amount, $30,000 was allocated to the land) in 2015 and started using it for his business at that time. The total square footage of the home is 1,500. The square footage of his office is 330. Information related to the home in 2020 include: Mortgage interest Property taxes Insurance Utilities Cleaning services 12.000 5,000 2.500 1,500 1,200 a. Compute Kent's home office deduction using the regular method. (5 points) b. Compute Kent's home office deduction using the simplified method. (1 points) c. What other considerations must be addressed (give a numerical analysis) before Kent can make his final decision? (2 points)