Jake runs a business out of his home. He uses 600 square feet of his home exclusively for the business. His homo is 2.400 square feet in total Jake hod $26,100 of business revenue and $20,800 of business expenses from his home-based business. The following expenses relate to his home. Mortgage interest $ 9,940 Real estate taxes 1,638 Utilities 2,640 Insurance 620 Repairs 2,160 Depreciation on business-use portion of home) 1,353 What is Jake's net income from his business? What amount of expenses is carried over to the following year, if any