Problem 7-56 (LO 7-3) (Algo) [The following information applies to the questions displayed below.] Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,525 in investment expenses. They also incur $3,875 of investment interest expense during the year. The Porters' income for the year consists of $160,500 in salary and $3,235 of interest income. Problem 7-56 Part-a (Algo) a. What is the amount of the Porters' investment interest expense deduction for the year? Problem 7-56 (LO 7-3) (Algo) [The following information applies to the questions displayed below.] Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,525 in investment expenses. They also incur $3,875 of investment interest expense during the year. The Porters' income for the year consists of $160,500 in salary and $3,235 of interest income. Problem 7-56 Part-b (Algo) b. What would their investment interest expense deduction be if they also had a ($2,245) long-term capital loss