9. Mario owns a home in Park City, Utah, that he rented for $1,600 for three weeks during the summer. He lived there for a total of 120 days and the rest of the year, the house was vacant. The expenses for the home included $6,000 in mortgage interest, $900 in property taxes, $1,300 in maintenance and utilities, and $3,500 in depreciation. How much net rental income or loss from the Park City home would Mario report for the current year? Use the IRS method for allocating expenses. (Points : 1)

$0

$1,600 net income

$6,000 net loss

$9,100 net loss