Emerald Corporation, an accrual basis taxpayer, was formed and began operations on July $1,$ year $1.$ The following expenses were incurred during the first tax year $($July $1$ to December $31,$ year $1)$ of operations:

Expenses of temporary directors and of organizational meetings $5,000$

Fee paid to the state of incorporation $600$

Accounting services incident to organization $1,200$

Legal services for drafting the corporate charter and by laws $2,800$

Expenses incident to the printing and sale of stock certificates $1,000$

Total: $$10,600$

Assume Emerald Corporation males an appropriate and timely election under $248($c$)$ and related regulations. What is the maximum organizational expense Emerald may write$-$off for the first tax year?

A$.153$

B$.960$

C$.5,1153$

D$.5,187$