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19 Required information Part 3 of 3 [The following information applies to the questions displayed below Renee operates a proprietorship selling collectibles over the web,

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19 Required information Part 3 of 3 [The following information applies to the questions displayed below Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for her business. This year, Renee's proprietorship reported revenue of $85 million and incurred total expenses of $781 million. Her expenses included cost of goods sold of $38 million, sales commissions paid of $16.9 million, $10.5 million of interest paid on the building mortgage, and $127 million of depreciation. 0.2 points Skipped eBook c. Suppose that Renee's revenue includes $5 million of business interest income. What is the maximum amount of business interest expense that Renee can deduct this year? Print Referencesa million Deductible Business Ioterest Expense

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