FruAgro Company has average annual gross receipts of $30 million annually. This year, FruAgro earned $1

FruAgro Company has average annual gross receipts of $30 million annually. This year, FruAgro earned $1 million of business interest income, incurred $7 million of business interest expense and has adjusted taxable income of $17 million. Compute FruAgro’s current deduction for business interest and the amount of any business interest carryforward. Calculate bisuness interest deduction and business interest carryforward