Gino, who has qualifications in computer electronics, purchased shop premises (land with shop) on 10 July 2023 for $385,000 with the aim of carrying on a TV and DVD repair business. The premises are located on a busy street in Parramatta, Sydney. Several months after the purchase was completed there were terrible rains in Sydney that lasted over a week. When Gino had a chance to look carefully at the floor of his premises, he discovered that the wooden floor of the shop was totally rotten due to leaking windows caused by the heavy rainfall. No business could possibly operate from the premises in the condition they were then in. Accordingly, Gino decides to replace the (whole) floor with a concrete floor. Gino sought quotes to have the old floor taken up. The cheapest quote was $3,900, so, to save money, Gino decided to do it himself (with some assistance from his brother) even though it took him longer than it would have taken an expert. Gino and his brother remove the old rotten floor boards. The new concrete floor is installed at a cost of $12,500, by a local contractor. Removal of the old floor and installation of the new floor is completed on 25 January 2024. Gino was not able to operate his business for 2 weeks whilst the floor was being replaced. He borrowed money to purchase the business premises from Eastpac Bank. Principal repayments each year are $36,000. Interest on the loan for each year is $15,000. The interest payable for the 2 weeks that the business is closed in order to replace the floor is $800. Advise Gino on the deductibility, etc, of the above \"outgoings\". Legislation and principles of tax law must be cited to support your