Emerald Corporation, a calendar year C corporation, was formed and began operations on April 1, 2018 The following expenses were incurred during the first tax year (April 1 through December 31, 2018) of operations:

Expenses of temporary directors and of organizational meetings $22,000

Fee paid to the state of incorporation 10,000

Accounting services incident to organization 15,500

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

Expenses incident to the printing and sale of stock certificates 6,000

Assuming a 248 election, what is the Emeralds deduction for organizational expenditures for 2018?

a. $2850. b. $4,550. c. $5,000. d. $7,150. e. $7400