mari conducts a business with the following results in 2019: evenue epreciation on car Operating expenses of car $20,000 3,960 3,100 Rent 6,000 8,200 Wages Amortization of intangibles 680 Jamari estimates that due to a depressed real estate market, the value of land owned by the business declined by $5,200. a. Calculate the effect of Jamari's business on his AGI. Jamari's business has a net loss of $ 1,940 which is reported for AGI o n his tax return b. How would your answer in part (a) change if the activity was a hobby? If the activity was a hobby, Jamari will reports as income. Of his expenses, $ return are deductible on his tax