Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he travels to New York to discuss acquiring a bakery. Stanford does not acquire the restaurant but does purchase the bakery on November 1, 2021.

Stanford incurred the following expenses:

Total investigation costs related to the restaurant	$31,500
Total investigation costs related to the bakery	52,300

If required, round any division to two decimal places and use in subsequent computation. Round your final answer to the nearest dollar.

What is the maximum amount Stanford can deduct in 2021 for investigation expenses? $fill in the blank 1