5. During the year, Mary rented her vacation home for 90 days and spent 30 days there. The gross rental income from the property was $5,000. She incurred the following expenses:

Mortgage Interest: $3,000

Real Estate Expenses: $1,500

Utilities: $1,300

Depreciation: $4,000

(a) Compute Mary's allowable deductions using the IRS method. (For ease of computation, you may treat a year as 360 days)

(b) Compute Mary's allowable deductions using the Bolton method. (For ease of computation, use 360 as number of days in the year)