47. LO.3 Puffin Corporation was formed on July 1, 2013, and incurred qualifying organizational expenditures. It uses a calendar year and wants to accelerate any deductions that are available. Based on this assumption, what is Puffin Corporation’s deduction for 2013 if its organizational expenditures are:

a. $3,000?

b. $46,000?

c. $52,000?

d. $77,000?