Cary owns a house that she rents out for $600 per month. Her expenses for the 2021 tax year are as follows: Real estate taxes $900 Mortgage interest 4,000 Insurance 300 General repairs 320 Cary bought the property in March of 2005, and her basis for depreciation on the house is $110,000. She uses straight-line depreciation with a 27-year life, so the depreciation on the house is $4,000. Calculate Cary's net income or toss from renting the house if her gross rental income is $7,200 ($600 x 12 months).