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Exercise $6-31($Algorithmic$)($LO$.3)$

Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he travels to New York to discuss acquiring a bakery. Stanford does not acquire the restaurant but does purchase the bakery on November $1,2023.$

Stanford incurred the following expenses:

Total investigation costs related to the restaurant $$46,250$

Total investigation costs related to the bakery $51,900$

If required, round any division to two decimal places and use in subsequent computation. Round your final answer to the nearest dollar.

What is the maximum amount Stanford can deduct in $2023$ for investigation expenses?