Required information Part $1$ of $2$ Problem $9-56($LO $9-2)($Static$)[$The following information applies to the questions displayed below.$]$ Renee operates a proprietorship selling collectibles over the Web. This year, Renee's business reported revenue of $\backslash (\backslash$$ $95\mathrm{.}5\backslash )$ million and deducted $\backslash (\backslash$$ $88\mathrm{.}6\backslash )$ million in expenses and loss carryovers. Her business deductions included cost of goods sold of $\backslash (\backslash$$ $48\mathrm{.}5\backslash )$ million, sales commissions paid of $\backslash (\backslash$$ $16\mathrm{.}9\backslash )$ million, $\backslash (\backslash$$ $10\mathrm{.}5\backslash )$ million of interest paid on a mortgage, $\backslash (\backslash$$ $10\mathrm{.}7\backslash )$ million of depreciation, and $\backslash (\backslash$$ $2\backslash )$ million deduction for a net operating loss carryover. Problem $9-56$ Part$-$a $($Static$)$ Required: a$.$ What is Renee's adjusted taxable income for purposes of calculating the limitation on business interest expense? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to $1$ decimal place. Required:

b$-1.$ What is the maximum amount of business interest expense that Renee can deduct this year?

b$-2.$ How is the disallowed interest expense $($if any$)$ treated? Interest disallowed would be:

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What is the maximum amount of business interest expense that Renee can deduct this year?

Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to $2$ decimal places. Required:

b$-1.$ What is the maximum amount of business interest expense that Renee can deduct this year?

b$-2.$ How is the disallowed interest expense $($if any$)$ treated? Interest disallowed would be:

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Req B$1$

Req B$2$

How is the disallowed interest expense $($if any$)$ treated? Interest disallowed would be:

Interest disallowed would be