Pierre makes birdhouses in his spare time. He earned $4,800 selling the birdhouses during the year and incurred expenses as follows:

Supplies	$3,500
Depreciation on tools	975
Booth rental at craft fairs	300
Vendor registration fee for art festival	100
Total	$4,875

His AGI,withoutconsidering the effect of the sales of the birdhouses, is $31,000 and his personal exemption is 4,000.

Calculate the following if the activity is:

A hobby:
AGI	$
Deductible expenses	$
A business:
AGI	$
Deductible expenses	$