Harold conducts a business with the following results for the year:

Revenue	$20,000
Depreciation on car	3,960
Operating expenses of car	3,100
Rent	6,000
Wages	8,200
Amortization of intangibles	680

Harold estimates that due to a depressed real estate market, the value of land owned by the business declined by $5,200.

a. Harold's business has a net loss of ( )? which is reported Selectfor AGI from his tax return.

b. If the activity was a hobby, Harold will report 20000 as income and deduct( )?as expenses.