Warmouth Corporation purchases 4 tickets to the Super Bowl in February 2023 for entertaining its...

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Accounting

Warmouth Corporation purchases 4 tickets to the Super Bowl in February 2023 for entertaining its customers. Due to unusually high demand, the tickets have to be purchased for $12,400(4$3,100). The face value of the tickets is only $1,200(4$300). The $3,100 cost per ticket includes a $580 charge for food and beverages and is separately stated on the invoice. What amount is deductible by Warmouth in 2023?(Assume the cost of the food and beverages is not lavish or extravagant.)
The amount that is deductible by Warmouth in 2023 is
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