Question Three Ying is an elite athlete, having represented Australia in gymnastics at the last two Olympics. Ying wants to commence a business importing gym equipment from overseas. First, she had to negotiate with the manufacturers to obtain stock for her business. Ying incurs a parking fine of $300 for attending a meeting with a manufacturer in California. Ying entered into an agreement with FitnessMe, a manufacturer located in New York, to be the Australian distributor of the Fitness Me brand of gym equipment for a period of 10 years, in return for a payment of $1.2m. The payment was made on 30 June 2021. Ying made her first sales of gym equipment in mid-August 2021.In May 2022, she engaged Hank, a customs agent located in the US, for a fee of $800 per shipment, to help her negotiate with the US Customs service regarding the export of individual shipments from the US to Australia. The fee was 30% higher than the standard fee payable for the type of work Hank did in the US. Hank was her brother. Required: Using relevant legislation and case law, explain to Ying whether the above outgoings are deductible under section 8-1 of the ITAA 1997, and in what income year.