Calculate the Net Income Includible in Taxable Income for the Following

Essay

Calculate the net income includible in taxable income for the following hobby in 2019: $$\begin{array} { l r } \text { Income } & \$ 23,000 \\\text { Mortgage interest and property taxes allocable to hobby } & 12,000 \\\text { Depreciation } & 4,000 \\\text { Supplies and fees } & 7,000 \\\text { Telephone for hobby } & 3,000\end{array}$$