Discussion Question 6-19 (LO. 3) Blaze operates a restaurant in Cleveland. He travels to Columbus to investigate acquiring a business. He incurs expenses as follows: $1,500 for travel, $2,000 for legal advice, and $3,500 for a market analysis. Based on the different tax consequences listed below, describe the circumstances that were involved in Blaze's investigation of the business. a. Blaze deducts the $7,000 of expenses. He must be investigating a business that is b. Blaze cannot deduct any of the $7,000 of expenses. He must be investigating a business that is c. Blaze acquired a business outside the restaurant industry. He can currently deduct $ of the expenses and the balance is Discussion Question 6-19 (LO. 3) Blaze operates a restaurant in Cleveland. He travels to Columbus to investigate acquiring a business. He incurs expenses as follows: $1,500 for travel, $2,000 for legal advice, and $3,500 for a market analysis. Based on the different tax consequences listed below, describe the circumstances that were involved in Blaze's investigation of the business. a. Blaze deducts the $7,000 of expenses. He must be investigating a business that is b. Blaze cannot deduct any of the $7,000 of expenses. He must be investigating a business that is c. Blaze acquired a business outside the restaurant industry. He can currently deduct $ of the expenses and the balance is