Michael is the sole proprietor of a small business. In June 2017, his business income is $9,700 before consideration of any 179 deduction. He spends $264,500 on furniture and equipment in 2017. If Michael elects to take the 179 deduction and no bonus on a conference table that cost $24,500 (included in the $264,500 total), determine the maximum cost recovery for 2017 with respect to the conference table: (UseTable 6A-1andTable 6A-2)(Round your intermediate calculations to the nearest whole dollar amount.) Please work out the problem so I can learn. I am visual learner.