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Richard operates a hair styling boutique out of his home. 400 of the 2000 square feet of floor space are allocated to the boutique. Other information is as follows:
Gross income from the boutique$10,000
Supplies for the boutique2,000
Depreciation on total residence12,000
Utilities for total residence6,000
What amount of income or loss from the boutique should Richard show on his return.