Simon Samson runs a catering business, Simple Simons, out of his home. He uses the same kitchen for his business and for personal purposes. The business use of the kitchen is 60% and the personal use is 40%. On July 4, Simple Simons had an explosion in the kitchen when someone threw flour on a flaming dessert. The damage to the assets in the kitchen cost $50,000 to repair. Simon originally paid $95,000 for the assets that were damaged. At the time of the explosion, total depreciation properly taken on the assets is $8,000. Their fair market value before the explosion was $110,000. The insurance company reimbursed Simon $30,000. His AGI before any casualties is $70,000.

What is the amount of Simon