Problem $15-58($LO $15-6)$

In each of the following independent cases for tax year $2022,$ determine the amount of business interest expense deduction and

disallowed interest expense carryforward, if any. Assume that average annual gross receipts exceed $$27$ million.

Required:

a$.$ Company A has ATI of $$70,000$ and business interest expense of $$20,000.$

b$.$ Company B has ATI of $$90,000,$ business interest expense of $$50,000,$ and business interest income of $$2,000.$

c$.$ Company $C$ has taxable income of $$50,000$ which includes business interest expense of $$90,000$ and depreciation of $$20,000.$

Note: For all requirements, leave no cells blank $-$ be certain to enter $"0"$ wherever required. Enter your answers in dollar values not

in million of dollars.