Blue Corporation commenced operations in early 2020. The corporation incurred $64,000 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation.

Prepare journal entries to record the $64,000 expenditure and 2020 amortization, if any.

Account Titles and Explanation	Debit	Credit
(To record organization expense)
(To record amortization expense)