Indicate the amount (if any) that Josh can deduct as ordinary and necessary business deductions in each of the following situations.(Leave no answers blank. Enter zero if applicable.)

a.Josh borrowed $80,000 from the First State Bank using his business assets as collateral.He used the money to buy City of Blanksville bonds.Over the course of a year, Josh paid interest of $8,200 on the borrowed funds, but he received $4,500 of interest on the bonds.

b.Josh purchased a piece of land for $58,500 in order to get a location to expand his business.He also paid $8,900 to construct a new driveway for access to the property.