Exercise 8 (15 Points, 10/5) A. Carmen owns a house that she rents out for $600 per month. The house was rented for the entire year. Her expenses for the 2019 tax year are as follows: Real estate taxes $900 Mortgage interest 4,000 Insurance 300 General repairs 320 Carmen 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. Instructions: Prepare a schedule that calculates Carmen's net income or loss from renting the house