Cool Kids Corporation, a calendar year C corporation, was formed and began operations on April 1, 2023. The following expenses were incurred during the first tax year (April 1 through December 31, 2023) of operations.

Expenses of temporary directors and of organizational meetings$27,000

Fee paid to the state of incorporation$2,000

Accounting services incident to organization$15,500

Legal services for drafting the corporate charter and bylaws$9,500

Assuming a 248 election was made, what is the Cool Kids deduction for organizational expenditures for 2023?