! Required information Problem 6-31 (LO 6-1) (Algo) [The following information applies to the questions displayed below) Lionel is an unmarried law student at State University Law School, a qualified educational Institution. This year Lionel borrowed $28,000 from County Bank and paid interest of $1,680 Lionel used the loan proceeds to pay his law school tuition Calculate the amounts Lionel can deduct for Interest on higher education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.) Problem 6-31 Part-b (Algo) b. Lionel's AGI before deducting interest on higher education loans is $79,000. Interest dosuction