During the current year, Kassandra incurs the following expenses with respect to her beachfront condominium in Hawaii: (Click the icon to view the data.) In addition to the expenses listed above, Kassandra could have deducted a total of S8,400 depreciation if the property had been acquired only for investrment purposes. During the year, Kassandra uses the condominium 40 days for vacation. She also rents it out for a total of 60 days during the year, generating a total gross income of $9,600. Read the requirements Requirement a. What is the total amount of deductions for and from AGI that Kassandra may take during the current year with respect to the condominium using the IRS allocation method? (For purposes of this problem, use the allocation formula set forth by Sec. 280A. Enter "0 for zero amounts.) tem For AG From AGI More Info Insurance Repairs and maintenance Interest on mortgage Property taxes Utilities tem Amount Insurance Repairs and maintenance Interest on mortgage Property taxes Utilities S 620 740 2,600 2,200 2,200 Total deductions Requirement b. What is the effect on the basis of the condominium? The basis of the condominium is Done increased by S4,584. increased by $8.400. decreased by $4,584 decreased by $8,400. neither increased nor decreased