stin is the sole owner of a small LLC, specializing in manufacturing hand sanitizer. Austin sends you the owing incomelexpenses items a week ago: - Income from the business: $1 million] - Expenses: - Factory: \$300k purchased on 9/30/2022. Machine: $150k purchased on 7/31/2022 Employee salary: \$300k (1 full-time factory,manager =$50k,15 part-time contractors, $10k each. In addition, Austin also hires his dad working as a vice-manager at the factory and pays his dad $100k. Through some research, you know that the average salary for that same position is about $45k ) This year is an extremely profitable year for Austin's business. For that reason. Austin decided to host an employee appreciation year-end party to celebrate. Austin believes that he would need to host quite a "kick-ass" party because his annual pay for the employees are quite low. In addition, a fun and special party would be helpful to boost employee morale. Austin decides to rent out a small yacht for a night of 12/30/2022 and host the company party there. Below is the cost of the party: - Yacht rental =$30k - Food and Drinks served on board at the party =$20k - Ubities: \$30k a) Assume there are no depreciation expenses allowed (which also mean no Section 179 , and no Bonus depreclation), calculate Andrew's AGI. Show dotails calculation and explanation. b) How would your answer in a) change if we now account for asset depreciation expenses (including 179 , Bonus depreciation, and MACRS)? Show details calculation and explanation. c) It seems like Austin is practicing some tax strategy in the year of 2022. Identify at least 1 strategy that Austin used and explain how it helps Austin to reduce his tax liability