Required information Problem 9-47 (LO 9-1, LO 9-2) (Algo) Skip to question [The following information applies to the questions displayed below.] Indicate the amount (if any) that Josh can deduct as an ordinary and necessary business deduction in each of the following situations. Note: Leave no answers blank. Enter zero if applicable. Problem 9-47 Part-a (Algo) a. Josh borrowed $90,500 from First State Bank using his business assets as collateral. He used the money to buy City of Blanksville bonds. Over the course of a year, Josh paid interest of $8,300 on the borrowed funds, but he received $7,300 of interest on the bonds