Jack owns two motels in New York and travels to Boston to discuss purchasing another motel. Jack incurred the following expenses: $1,000 Travel, $1,200 Accounting fees, and $4,800 Marketing studies. 1. What amount if any can Jack deduct as expenses if he decides not to purchase the motel? 2. What amount if any can Jack deduct as expenses if he decides to purchase the motel? Arial 3 (12pt) 4 TEE Path: P