Careen owns a condominium near Newport Beach in California. This year, she incurs the following expenses in connection with her condo: Insurance 2,430

Mortgage interest 9,000

Property taxes 5,100

Repairs and maintenance 1,490

Utilities 2,200

Depreciation 7,500

During the year, Careen rented the condo for 90 days, receiving $20,500 of gross income. She personally used the condo for 50 days. Assuming Careen uses the IRS method of allocating expenses to rental use of the property. What is Careen's net rental income for the year?