Expense Item Amount $ 520 Insurance Repairs and maintenance 740 Interest on mortgage 3,400 Property taxes 2,600 Utilities 400 Depreciation 7,800 During 2019, Kiley incurs the following expenses with respect to her beachfront condominium in Hawaii: A (Click the icon to view the data.) During 2019, Kiley used the condominium 120 days for vacation. She rented it out for a total of 180 days, generating a total gross income of $8,600. Read the fequirements. Requirement a. What are the total amounts of deductions for and from AGI that Kiley may take during 2019 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 "O for zero amounts.) Item For AGI From AGI Insurance Repairs and maintenance Interest on mortgage Property taxes Utilities Depreciation Total deductions Requirement b. What is the effect on the basis of the condominium? The basis of the condominium is Requirement b. What is the effect on the basis of the condominium? The basis of the condominium is increased by $4,004. increased by $7,800. decreased by $4,004. Enter any number in the edit fiel decreased by $7,800. on. neither increased nor decreased