Dawson INC. paid the following expenses during 2018 ( calendar year entity ). officer's compensation was 75,000 paid to Ms. Dawson who devotes 100% of her time to the business . All other salaries were associated with Cost of Goods Sold Labor. The company purchased their office building for 125,000 on April 15 2017. the company paid bank charges of 6,757 for the year ,and interest expenses of 4,718 (not limeted0. Deductible sales tax totaled 21,000. During the year Dawson' s Inc. contributed 5,000 to various charitable organizations. 12,000 for advertising. 4,000 insurance. 5,000 licenses. 1,500 legal and professional. 3,200 utilities. 1,000 office supplies. What are total deductions to be reported on form 1120, line 27