C D E F G Karen is self-employed and had the following income and expenses in 2020: Income Cost of good sold Business miles driven on personal car 10,000 NO Parking fines Meals Prepaid insurance for 12 months ending 6/30/21 Home office expenses 200 square feet of 2,000 square foot home H 35,000 20,550 300 6,000 4,800 Karen operates the business on a cash basis and elects the simplified method for the home office deduction. 0 Calculate the amount of Sch C net income/(loss) from this business. 7 points 11 All calculations must be shown. 12 13 14 K