Otis purchased a new automobile on Jan. 2,2020 for $25,000. The auto is used 80% for business and 20% for personal purposes. Total business miles driven in 2020 is 10,000 miles. If Otis uses the automatic mileage method, what is the total (business + personal) adjusted basis of the automobile at December 31, 2020? (The deduction for 2020 is 57.5 cents per mile of which 267cents is depreciation) $2,700 $20,360 0 $22,300 $17,300