Corporation Rwas organized and began active business on January 4 of the current year. Rincurred the following expenses in connection with creating the business: Professional fees for issuance of stock $4,000 State incorporation fees 2.000 Printing cost for stock certificates 1,500 Broker's commissions on sale of stock 7,000 Legal fees for drafting the charter 5,000 Expense for temporary directors 7,000 Total $26,500 The maximum amount of organizational expense that may be deducted by Corporation Ron its current-year income tax retum is $14.000 526,500 $5,600 55.300