Question 4 4 pts Debby Dale purchased her home in December Year 1 for $135,000. In December Year 7, when her existing mortgage was $110,000, she borrowed $30,000 on a second mortgage to put her nephew through law school. In January Year 8, she borrowed $15,000 on a third mortgage and used the money to take a vacation and to pay household and shopping bills. Assuming the fair market value of her residence is $170,000 at all times, Debby may deduct the interest associated with how much of the mortgage debt? $110.000 $140,000 $125,000 $155.000