Michele owns and operates her own business as a sole proprietorship. During the current year, she gave the following gifts to business clients. None of the employees of the receiving companies were to receive more than one gift. 50 desk sets imprinted with her company's name valued at $4 each to Company A $ 200 20 bottles of wine valued at $20 each to Company B 400 20 floral arrangements at a cost of $30 each to Company C 600 50 watches at a cost of $25 each to Company D 1,250 Engraving the sole proprietorship's name on watches to Company D 100 What is the amount of business gifts Michele can deduct for the current year? A. $2,450 B. $2,350 C. $2,750 D. $2,550