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Everest Corporation, a calendar year C corporation, was formed on March 7, 2015 and opened for business on July 1, 2015. After its formation but

Everest Corporation, a calendar year C corporation, was formed on March 7, 2015 and opened for business on July 1, 2015. After its formation but before opening for business, Everest Corporation incurred the following expenses:

Accounting $7,150
Advertising 14,350
Employee Payroll 10,600
Rent 8,300
Utilities 1,600 ---------------
Total Expenditure $42,000

What is the maximum amount of these expenditures that Everest Corporation will be allowed to deduct in 2015?

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