LO.3 Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,000 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are 553,000 . She proceeds with opening the restaurant, and it begins operations on September 1. Determine the amount that Henrictta can deduct in the current year for investigating these two businesses