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Robin owns a vacation home at the beach. During the current year, Robin used the home for 20 days and rented rented it for 60

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Robin owns a vacation home at the beach. During the current year, Robin used the home for 20 days and rented rented it for 60 days. Robin received rental income of $12,000 and incurred the following expenses: Property taxes $3,900 Interest expense 7.300 Maintenance expenses 1,300 Depreciation expense Utilities expense 2,800 400 a. Using the method of allocating expenses sanctioned by the courts, calculate the income Robin will report from the property. (Show all calculations in good form.) b. Using the IRS method of allocating expenses, calculate the income Robin should report from the property. (Show all calculations in good form.)

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