GIANT CORPORATION EARNED 10,000 IN INTEREST FROM INVESTMENTS IN MUNICIPAL BONDS AND 5000 IN OTHER CORPORATE BOND INTEREST. THE BONDS WERE HELD THE ENTIRE YEAR. TO PURCHASE THE MUNICIPAL BOND, THE CORPORATION BORROWED 150,000 AT 6%. TO PURCHASE THE CORPORATE BONDS, BORROWED 50,000 AT 6%. WHAT AMOUNT CAN THE CORPORATION DEDUCT FOR INVESTMENT INTEREST EXPENSE

0

3000

9000

12000