Ricardo's business reports a profit for his first year. His operations results were as follows: Gross Income $88,500 Entertainment in total.............. 4,150 Seven gifts at $30 each............ 210 Rent and utilities for apartment in total (37% is used for a home office) 12,650 Contribution to political party......... 250 Transportation 8,435 miles, using standard mileage method... ? Dues for country club 5,400 What is the taxable business income for Ricardo