SessionLocator=&inprogres mapter 3 eBook Print Item Margaret started her own business in the current year and will report a profit for her first year. Her results of operations are as follows: Gross income $45,000 Expenses Travel $1,000 $100 Contribution to Presidential Election Campaign Transportation (5,380 miles evenly throughout the year, using standard mileage method) Entertainment in total ? $4,200 Nine gifts at $50 each $450 Rent and utilities for apartment in total (25% is used for a home office) $10,500 Complete the table below to determine the net Income Margaret should show on her Schedule C. If an amount is zero, enter "o". It required, round the amounts to the nearest doltar. Gross income Expenses: Travel Political contnbution Transportation Entertainment eter 3 eBook Print Item standard mileage method) $4,200 Entertainment in total Mine gifts at $50 each $450 $ 10,500 Rent and utilities for apartment in total (25% is used for a home office) Complete the table below to determine the net income Margaret should show on her Schedule C. If an amount is zero, enter "O". If required, round the amounts to the nearest dollar. Gross income Expenses: Travel Political contribution Transportation Entertainment Gifts Rent and utilities Total expenses Taxable business income