In 2023, Jennifer started a sole proprietorship named Zips4All. Sales have been so great that she expects her 2023 net income for Zips4All to be $2,000,000 (before any cost recovery deductions. During 2023, she placed in service the following assets: Date placed in service Class life Cost July 10, 2023 5 year 500,000 November 30, 2023 7 year 900,000 a. What is the maximum allowed deduction if Jennifer does not elect Section 179 expense and she elects out of bonus depreciation? (4 points) b. What is the maximum allowed deduction if Jennifer elects the maximum $1,160,000 Section 179 expense but elects out of bonus depreciation? (4 points) c. What is the maximum allowed deduction if Jennifer elects the maximum $1,160,000 Section 179 expense and does not elect out of bonus depreciation? (2 points) PP slides 24-47, tax drills 2, 3, 6, PP 2 and 4