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Exercise 10-19 (Algorithmic) (LO. 4) Candlewood LLC started business on June 1, and it adopted a calendar tax year. During the year, Candlewood incurred (

image text in transcribed Exercise 10-19 (Algorithmic) (LO. 4) Candlewood LLC started business on June 1, and it adopted a calendar tax year. During the year, Candlewood incurred \\( \\$ 12,650 \\) in legal fees for drafting the LLC's operating agreement and \\( \\$ 6,325 \\) in accounting fees for tax advice of an organizational nature, for a total of \\( \\$ 18,975 \\) of organizational costs. Candlewood also incurred \\( \\$ 9,800 \\) of preopening advertising expenses and \\( \\$ 43,700 \\) of salaries and training costs for new employees before opening for business, for a total of \\( \\$ 53,500 \\) of startup costs. The LLC wants to take the largest deduction available for these costs. If required, round any division to six decimal places and use in subsequent computations. Round your final answers to the nearest dollar. How much can Candlewood deduct as organizational expenses? As startup expenses? The LLC may deduct \\$ as organizational expenses and as startup expenses

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