Problem 6-44 (LO. 3) Jamari conducts a business with the following results in 2021: $20,000 3,960 Revenue Depreciation on car Operating expenses of car Rent 3,100 6,000 8,200 Wages Amortization of intangibles 680 Jamari estimates that due to a depressed real estate market, the value of land owned by the business declined by $5,200. a. Calculate the effect of Jamari's business on his AGI. Jamari's business has a of $ which is reported on his tax return. b. How would your answer in part (a) change if the activity was a hobby? If the activity was a hobby, Jamari will report $ as income. Of his expenses, tax return. are deductible on his