The following facts pertain to Catch Ewe Later, a sole proprietorship owned by Shepherd:

In 20X14 Shepherd gave out 50 livestock vests to prospective clients, at a cost of $10 per vest. What amount of business expense can Shepherd include, as a result of the vests, on Shepherd’s 20X14 Schedule C?

a. $500

b. $200

c. $0

d. $1,000

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20X09 net profit or (loss) 20X10 net profit or (loss) 20X11 net profit or (loss) 20X12 net profit or (loss) 20X13 net profit or (loss) ($ 3,000) 10,000 1,000 1,700 5,000