Candlewood HC started business on December 1 , and it adopted a calendar tax year. During the year, Candlewood incurred $11,400 in legal fees for drafting the UC's operating agreement and $5,700 in accounting fees for tax advice of an organizational nature, for a total of $17,100 of organizational costs. Candlewood also incurred $26,000 of preopening advertising expenses and $27,800 of salaries and training costs for new employees before opening for business, for a total of $53,800 of startup costs. The L. wants to take the largest deduction availabie for these costs. If required, round any division to six decimal places and use in subsequent computations. Round your final answers to the nearest dollar. How much can Candlewood deduct as organizational expenses? As startup expenses? The LLC may deduct 4 X as organizational expenses and 5 X as startup expenses. Candlewood HC started business on December 1 , and it adopted a calendar tax year. During the year, Candlewood incurred $11,400 in legal fees for drafting the UC's operating agreement and $5,700 in accounting fees for tax advice of an organizational nature, for a total of $17,100 of organizational costs. Candlewood also incurred $26,000 of preopening advertising expenses and $27,800 of salaries and training costs for new employees before opening for business, for a total of $53,800 of startup costs. The L. wants to take the largest deduction availabie for these costs. If required, round any division to six decimal places and use in subsequent computations. Round your final answers to the nearest dollar. How much can Candlewood deduct as organizational expenses? As startup expenses? The LLC may deduct 4 X as organizational expenses and 5 X as startup expenses