GHI Co. (calendar year business) was formed on February 1, 2023, and began operations on March 1, 2023. GHI incurred $51,000 in legal and accounting fees related to the organization during the month of February. During the month of February, GHI also incurred $80,000 in employee expenses and other costs associated with starting up the business. If GHI Co. properly elects to deduct and amortize their organization and start-up costs in a timely manner, how much of these costs can be deducted from GHI Co.s 2023 tax return?