Richard operates a hair styling boutique out of his home. The boutique occupies 420 of the homes 1,200 square feet of floor space. Other information is as follows:

Gross income from the boutique	$10,000
Supplies for the boutique	$ 2,400
Depreciation on total residence	$12,000
Utilities for total residence	$ 6,000

What amount of income or loss from the boutique should Richard show on his return?

Select one: a. $0 income or loss b. $10,400 loss c. $3,500 income d. $1,300 income e. None of the above