Exercise 3-24 (Algorithmic) (LO. 1) In 2019, Nighthawk Corporation, a calendar year C corporation, has $4,540,000 of adjusted taxable income and $136,200 of business interest income. Nighthawk has no floor plan financing interest. The business interest expense for the year is $1,816,000. a. Assume that Nighthawk has average gross receipts for the prior three-year period of $37,600,000. Determine Nighthawk's current year deduction for business interest. b. Assume that Nighthawk has average gross receipts for the prior three-year period of $19,500,000. Determine Nighthawk's current year deduction for business interest