Compute a schedule of deductible expenses related to the following hobby: Income-$23,000 Mortgage interest and property taxes allocable to hobby-$12,000 Depreciation-$4,000 Supplies and fees-$7,00

Compute a schedule of deductible expenses related to the following hobby:

Income-$23,000

Mortgage interest and property taxes allocable to hobby-$12,000

Depreciation-$4,000

Supplies and fees-$7,000

Telephone for hobby-$3,000

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