Tom Brady owns a condominium in Cape Cod. During the year, he accrues the following expenses in connection with his condo. Mortgage Interest $3,500 Property Taxes $900 Repairs and Maintenance $650 Insurance $1,000 Utilities $950 Depreciation $8,500 During the year, Tom Brady rented out the condo for 75 days, receiving $10,000 of gross income. He personally used the condo for 35 days during his vacation. Assuming 365 days in the current year, determine Tom Brady's net rental income considering the specific order of tiers of rental expenses. NOTE Do not round a poor net ratio. Round all other dollar values to the nearest whole dollar amount. Show your work as detailed as possible in order to get partial credit. Correct answer without intermediate work receives 0 points