88. The Clifton partnership, a calendar year partnership, incurs and pays the following costs during 2017, its first taxable year: Item Amount Date Paid Legal fees for drafting the partnership agreement $14,000 May 19, 2017 Accounting fees to set up the books $9,000 June 22, 2017 Brokerage commissions to sell limited partnership interests $12,000 July 13, 2017 The Clifton partnership begins business on September 1, 2017. If the Clifton partnership makes a proper election, what is the maximum total deduction which it may take for the above costs on its 2017 partnership return? a. $778 b. $5,400 c. $511 d. $5,667