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 Peabodys 20X14 Schedule C?

$150

$0

$200

$1,250