Beech Corporation, an accrual-basis, calendar-year taxpayer, was organized and began business in May of the current calendar tax year. During the current year, the corporation incurred the following expenses:

Line Item Description	Amount
State fees for incorporation	$ 800
Legal and accounting fees incident to organization	5,500
Expenses for the sale of stock	2,500
Organizational meeting expenses	1,000

Round your answer to 2 decimal places.

Assuming that Beech Corporation wishes to deduct organizational expenses as quickly as possible, calculate the corporations deduction for its current calendar tax year.