1. In 2020, Jennifer started a sole proprietorship named Zips4All . Sales have been so great that she expects her 2020 net income for Zips 4All to be 2,000,000 (before any cost recovery deductions. During 2020, she placed in service the following assets: Date placed in service May 15, 2020 November 12, 2020 Class life 5 year 7 year Cost 825,000 750,000 a. What is the maximum allowed deduction if Jennifer does not elect Section 179 expense or elect out of bonus depreciation? (2 points) b. What is the maximum allowed deduction if Jennifer elects Section 179 expense but elects out of bonus depreciation? (4 points) c. What is the maximum allowed deduction if Jennifer elects Section 179 expense and does not elect out of bonus depreciation? (1 point)