Arthur has a vacation home in Florida that he rents out periodically. He has the following expenses related to the vacation home for the tax year: Rental income $14,000 Less: Allocated mortgage interest and property taxes ($5,000) Allocated utilities and other expenses ($4,000) Depreciation expense ($6,000) Net rental loss ($1,000) Number of days rented at fair market value = 147 Number of days Arthur used for personal use = 13 Arthur's adjusted gross income is $95,000. How would the rental income and expenses be treated on Arthur's federal income tax return? A) A $1,000 loss should be reported on Schedule E. B) No rental income or expenses will be reported. C) The $1,000 loss will be reduced due to Arthur's personal use. D) Interest expense and taxes and should be reported on Schedule A as an itemized deduction