CH 17 HW Book Printem Problem 17-44 (LO. 2) Guil Corporation, a cush method, Calendar year corporation, was formed and began business on November 1, 2020. Gull incurred the folowing expenses during its first year of operations (November 1, 2020-December 31, 2020) Expenses of temporary directors and organizational meetings $21,000 Fee paid to state of incorporation 3,000 Expenses for printing and sale of stock certificates 11,000 Legal services for drafting the corporate charter and bylaws (not paid until January 2021) 19,000 Round the per month amount to two decimal places. Round the final answer to the nearest dollar. a. Assuming that Gull Corporation elects under G248 to expense and amortize organizational expenditures, what amount may be deducted in 2002 Gull Corporation's deduction for 2020 is 11. b. Assume the same facts as above, except that the amount paid for the legal services was $28,000 instead of $19,000). What amount may be deducted as organizational expenditures in 2020? 12 13 14 15. Check My Work Progress: 14/15 items Previous Next > Assignment Score: 66.67% All work saved Save and Ext Submit Assignment for Grading