Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2021: Home acquisition debt interest $ 11,000 Credit card interest 3,400 Home equity loan interest (used for home improvement) 5,420 Investment interest expense 8,800 Mortgage insurance premiums (PMI) 1,000 Required: With 2021 net Investment income of $1,100, calculate the amount of their allowable deduction for investment interest expense and their total deduction for allowable interest. Home acquisition principal and the home equity loan principal combined are less than $750,000. Amounts Deduction for investment interest expense Total deduction for allowable interest