39. Austin's house was broken into during the year, and all of his jewelry and stereo equipment was stolen. To date, it has not been recovered. Austin did not have renters insurance. He purchased the stereo equipment for $1 ,3?5. The fair market value at the time of the theft was $1 ,UU-El. He purchased the jewelry for $1,500. The fair market value at the time of the theft was $1 5%. Austin's AGI is $39,751}. The theft took place on July 4th. What is the amount of the deductible casuatty loss of Austin? a} $2,503 b} $2,8T5 c) same a} $ 0