Mike Yamada Chapter 5 In-Class Problem Alex is a local guitarist in Colorado. She earns her income primarily from playing at local bars in the Metro Denver Area. Alex pants a small space that she usesto practice Assume that her activity is a full trade or business. During the tax year Alex has the following $24,000 in Revenues Utilities of $4,000 Supplies of $3,500 Rent $12 000 Depreciation on Speakers, Van & Equipment: $5.500 Alex also has $60,000 of income from other sources. What is Alex's GOK Inc. Other (IK) Net loss on 59k full op.bus. Gross Income: 59K Adjusted Gross Income Taxable income Exemption amount $0 Standard Deduction=$12,200