Buffet, Inc., an accrual method, calendar-year taxpayer, was incorporated on January 2, 2022, but did no business operations until July. Buffet adopted a calendar year and incurred the following expenses during 2022. Expenses in connection with issuing and selling stock $1,800 Incorporation fees paid to the State $ 150 Legal fees incident to incorporation $1,650 The maximum organization expenses that it can properly deduct for 2022 would be: