27. Which of the following trade or business expenditures of Ajax Inc. are deductible on its current year tax return? If an expenditure is not deductible, explain why it is not a valid deduction. Amount $400,000 250,000 1,400 Expenditure Salaries and wages to employees Purchase of new office building Payment of parking tickets issued to the company's President Payment of wedding expenses for President's child's wedding Entertainment expenses related to company business 16,000 25,000 9.000 Interest on money borrowed to buy tax-exempt securities Total expenditures $700,400