Richard operates a hair styling boutique out of his home. 300 of the 1,200 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 boutique $2000
Depreciation on total residence $12000
Utilities for total residence $6000
What amount of income or loss from the boutique should Richard show on his return?