n 39 d ut of Henrietta is a photographer. She has the following income and expenses from her photo studio. Sales of photographs: $2000 Expenses: Camera Equipment: $3000 Supplies: 500 Rental of equipment 700 Which of the following is true: Select one: a. Henrietta's activity cannot be classified as a business because of the inherently personal nature of photography. b. If Henriett is engaged in a hobby she reports $2000 income and can deduct $2000 FROM AGI O c. If Henrietta is engaged in a Hobby she reports $2000 income and can deduct $2000 FOR AGI d. If Henrietta is engaged in a hobby she reports $2000 income and cannot deduct any expenses. 740 Paula has two transactions involving the sale of capital assets during the year resulting in a STCL of $3,200 and LTCL of $1,400. As a result, Stella can offset ut of Select one: a. $4,600 of ordinary income. O b. $2,200 of ordinary income and have a LTCL carryforward of $1,400. O c. $3,000 of ordinary income and have a $200 STCL carryforward and $1,400 LTCL carryforward. d. $1,400 of ordinary income and have a $3200 STCL carryforward