Robert and Melissa own a home in Big Bear Lake, California. During the year, they rented it for 55 days for $11,000 and used it for 12 days for personal use. The expenses for the house included $12,000 in mortgage interest, $2,000 in property taxes, $1,000 in utilities, $600 in maintenance, and $4,000 in depreciation. What is their income or loss from their cabin (without considering the passive loss limitation)? Use the IRS method for allocation of expenses. (Round your answer to the nearest whole number.) Multiple Choice $5,090 net loss. $11,000 net income. $2,947 net loss. $0