Cherry Corporation, a calendar year C corporation, is formed and begins business on 8/1/2022. In connection with its formation, Cherry incurs organizational expenditures of $54,000. Round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine Cherry Corporation's deduction for organizational expenditures for the current year. 3,650 X Feedback Check My Work Under 248, a corporation may elect to expense the first $5,000 of organizational expenditures. The remaining are amortized over th 180-month period beginning with the month in which the corporation begins business.