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During 2023, Stork Associates paid $60,000 for a 20 seat skybox at Veterans Stadium for...

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Accounting

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During 2023, Stork Associates paid $60,000 for a 20 seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $80 to $250 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $1,300. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event

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