Jamari conducts a business with the following results in 2021: Revenue $20,000 Depreciation on car 3,960 Operating expenses of car 13,100 Rent 6,000 Wages 8,200 Amortization of intangibles W 680 Jamari estimates that due to a depressed real estate market, the value of land owned by the business declined by $5,200. a. Calculate the effect of Jamari's business on his AGI. Jamari's business has a of $ which is reported Ofnet income net loss b. How would your answer in part (a) change if the activity was a hobby If the activity was a hobby, Jamari will report $ as income. Of his expenses $ are deductible on his tax return Problem 6-44 (LO. 3) Jamari conducts a business with the following results in 2021: a Revenue $20,000 Depreciation on car 3,960 Operating expenses of car 3,100 Rent 6,000 Wages 8,200 Amortization of intangibles 680 Jamari estimates that due to a depressed real estate market, the value of land owned by the business declined by $5,200. a. Calculate the effect of Jamari's business on his AGI. Jamari's business has a of $ on his tax return which is reported for AGI from AGI Lhswer in part (a) change if the activity was a hobby? If the activity was a hobby, Jamari will reports as income. Of his expenses, $ are deductible on his tax return