3. Home Office Computations. T is self-employed and tutors students at State University. Outside of her university work she occasionally provides some ac-counting services. T does all her work for these outside pursuits in her home office. Income and expenses relating to these were as follows: Income: Fees for services...... Expenses: Depreciation on home office furniture and computer.. Miscellaneous supplies, books, etc...... Expenses attributable to home office: Depreciation....... Insurance and utilities.. .$2,000 ..400 ..500 ..500 ..700 300 .700 Taxes... Interest.. a) Using the general method, determine the tax consequences resulting from T's part-time activities. b) Using the optional simplified method, determine the tax consequences result-ing from T's part-time activities. Assume that the square footage used for the home office is 120 square feet