Fast Eddies Cycle Enterprises (FECE) is a calendar year taxpayer who began business on June 1, 2020. FECE incurs and pays the following expenses in 2020 related to forming the business:

• $8,000 of organization meeting expenses
• $3,000 of legal expenses to form the corporation
• $1,920 of incorporation fees
• $1,000 to print stock certificates
• $1,000 to sell stock

What is the FECE's organization expense deduction for 2020?

Group of answer choices

$10,616

$1,290

$5,308