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Capriati Corporation commenced operations in early 2012. The corporation incurred $55,130 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures

Capriati Corporation commenced operations in early 2012. The corporation incurred $55,130 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation. Prepare journal entries 1) to record the $55,130 expenditure and 2) 2012 amortization, if any

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