Darren and Nikki own a cabin in Mammoth, California. During the year, they rented it for 45 days for $9,500 and used it for 12 days for personal use. The house remained vacant for the remainder of the year. The expenses for the house included $8,375 in mortgage interest, $2,150 in property taxes, $1.450 in utilities, $850 in maintenance, and $4,250 in depreciation. What is their net income or loss from their cabin rental (without considering the passive loss limitation)? Use the IRS method for allocation of expenses. O O $0. O O $3,980 net loss. 197,575 net loss. $9,500 net income