Lewis and Laurie are married and jointly own a home valued at $264,000. They recently paid off the mortgage on their home. The couple borrowed money from the local credit union in January of 2022 . How much interest may the couple deduct in each of the following altemative situations? (Assume they itemize deductions no matter the amount of interest.) Note: Leave no answer blank. Enter zero if applicable. Required: a. The couple borrows $64,000, and the loan is secured by their home. The credit union calls the loan a "home equity loan." Lewis and Laurie use the loan proceeds for purposes unrelated to the home. The couple pays $4.000 interest on the loan during the year, and the couple files a joint return. b. The couple borrows $158,000, and the loan is secured by their home. The credit union calls the loan a "home equity loan." Lewis and Laurie use the loan proceeds to add a room to their home. The couple pays $6,400 interest on the loan during the yea: nd the couple files a joint return. Complete this question by entering your answers in the tabs below. The couple borrows 564,000 , and the loan is secured by their home. The credit union calls the loan a "home equity loan." Lawk and Laurie use the loan proceeds for purposes unrelated to the home. The couple pays $4,000 interest on the loan during the year, and the couple files a joint return