Karen is self-employed and had the following income and expenses in 2020:

Income of $35,000

Cost of goods sold of $20,550

Business miles driven on personal car equal 10,000

Parking fines for $300

Meals for $6,000

Prepaid Insurance for the 12 months ending 6/30/21 for $5,000

Home office expenses equal 400 sqft of 2000 sqft home.

Karen operates the business on a cash basis and elects the simplified method for the home office deduction.

Calculate the amount of Sch. C net income/ loss from this business.