Chris carries on a roofing business and has three employees. During the year ended 30 June 2020 he incurred the following expenditure:

Paid his accountant $600 to prepare a cash flow budget for the next three years to determine the liquidity of his business over that period of time. Paid his accountant $300 for advice on the operation of Single Touch Payroll (STP) in his business.

Paid his accountant $2,000 to prepare his financial statements to enable his income tax return to be prepared and lodged by his accountant.

Based on these expenses, what amount can Chris claim as a tax deduction under s 25-5 ITAA97?

$900

$2,200

$600

$3,100

$2,200