Gerald's Grocery Inc. incurred the following costs in the initial year of business, 202X. Operations began on December 1, 202X. - Legal fees $20,000 - Market analysis and research to pick the best location $15,000 - Salaries \& wages for December $18,000 How much can they include as the start up cost deduction on their 202X tax return? $5,000$35,000$53,000$195$5,167