Judy, the owner of a very successful restaurant chain, is exploring the possibility of expanding the chain into a city in the neighboring state. She incurs $38,000 of expenses associated with this investigation. Based on the regulatory environment for restaurants in the city, she decides not to expand. During the year, she also investigates opening a hotel that will be part of a national hotel chain. Her expenses for this are $54,000. The hotel begins operations on November 1. Determine the amount that Judy can deduct in the current year for investigating these two businesses.