During the year, Marvel rented his vacation home for three months and spent one month there. Gross rental income from the property was $10,000. Marvel incurred the following expenses: mortgage interest, $6,000; real estate taxes, $3,000; utilities, $1,600; maintenance, $1,000; and depreciation, $8,000. Compute Marvels net income from the vacation home including detailed analysis of any allowable deductions using the Courts approach.