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Cherry Corporation, a calendar year C corporation, is formed and begins business on 8/1/2022. In connection with its formation, Cherry incurs organizational expenditures of $54,600. Round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine Cherry Corporation's deduction for organizational expenditures for the current year. x Feedback Theck My Work Under 5248 , a corporation may elect to expense the first $5,000 of organizational expenditures. The remaining are amortized over the 180 -month period beginning with the month in which the corporation begins business