The following facts pertain to Catchall Consulting, a sole proprietorship owned by Peabody:

20X09 net profit or (loss):

($5,000)

20X10 net profit or (loss):

$250

20X11 net profit or (loss):

$500

20X12 net profit or (loss):

($1,200)

20X13 net profit or (loss):

$800

In 20X14 Peabody gave out 50 promotional clipboards to prospective clients, at a cost of $3 per clipboard. What amount of business expense can Peabody include, as a result of the clipboards, on Peabody's 20X14 Schedule C? Please show your work!