Newton, a business owner, signed a ten-year lease beginning July of 2014, and immediately paid rent for the remainder of 2014, all of 2015, and all of 2016. How much of the rent paid at the lease signing can be declared as a business expense on Schedule C of Newton's 2014 tax return? All of it The July 2014-June 2015 portion only None of it The 2014 portion only The following facts pertain to Catch Ewe Later, a sole proprietorship owned by Shepherd: 2019 net profit or (loss) ($3,000) 2010 net profit or (loss) 10,000 2011 net profit or (loss) (1,000) 2012 net profit or (loss) (1,700) 2013 net profit or (loss) 5,000 In 2014 Shepherd gave out 50 livestock vests to prospective clients, at a cost of $10 per vest. What amount of business expense can Shepherd include, as a result of the vests, on Shepherd's 2014 Schedule C? $500 $200 $0 $1,000