Over the course of the year, Mr. Soo won $8,200 and lost $5,900 gambling In the local casino. Mr. Soo does not itemize deductions on his federal tax return. What is the net effect of his gambling on Mr. Soo's taxable Income? Multiple Choice O No effect on taxable income. O $8,200 increase in taxable income. O $2,300 increase In taxable Income. O None of the above