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During the current year. Dave and Adrienne. a married couple who use the cash method of accounting, purchased a principal residence for dollar 305,000 They paid dollar 35,000 down and financed the remaining dollar 270,000 of the purchase price with a 30-year mortgage. At the closing, they also pad dollar 425 for an appraisal. dollar 550 for a title search, and 2.5 points representing additional interest over the term of the loan. At the end of the year. Dave and Adrienne received a statement from the mortgage company indicating that dollar 15.000 of their total monthly payments made during the year represents interest and dollar 1.400 is a reduction of the principal balance. Requirements What is the total amount Dove and Adrienne may deduct in the current year arising from the purchase and ownership of their home? What is the treatment of the other items that are not deductible? What is the total amount Dave and Adrienne may deduct in the current year arising from the purchase and ownership of their home? Dave and Adrienne may deduct dollar m the current year arising from the purchase and ownership of their home