37-Elliot operates his clothing store as a single member LLC (which he reports as a sole proprietorship). In 2019, his proprietorship generates qualified business income of $280,000, he pays W2 wages of $170,000, and he has qualified business property of $140,000. Elliots wife, Julie, is an attorney who works for a local law firm and receives wages of $90,000. They will file a joint tax return and use the standard deduction. What is Elliots qualified business income deduction? 38. LO.3, 4 Assume the same facts as in Problem 37, except that the business is a specified services business (e.g., a consulting firm) owned equally by Elliot and Conrad (an unrelated individual) in a two-member LLC. Assume that each members share of qualified business income, W2 wages, and qualified business property is one-half of the information provided in Problem 37. Conrads wife, Rachel, earned wages during the year of $350,000, and Conrad and Rachel have itemized deductions of $62,000. a. What is Elliots qualified business income deduction? b. What is Conrads qualified business income deduction? (I need the answer to question 38, based on question 37)