Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $47,800,000 Business Interest Income $850,000 Interest Expense $16,000,000 How much interest expense can Flip deduct in the current year? Answer is complete but not entirely correct. A B C D E 1 2 Interest Expense Deduction = $ 810,000 min 6 7 8 9 10