1'0- Jerry and Elaine own a home that has a fair market value of $250,000 on WhiCh they have a mortgage of $190,000. They took out an $00,000 home equity loan and used the proceeds to buy a new boat. Interest paid on the home equity loan in the current tax year is $2,200. What amount of the home equity loan is eligible for the interest paid on it to be deductible as an itemized deduction? r\": W m $40,000 m $00,000 r'n'l $00,000