In June of the current year, Stefan began investigating the possibility of opening a CPA firm. From June through August he spent $1,000 on a market survey, $2,600 in consulting fees to find the best location and $3,200 in professional fees setting up an accounting and inventory system. Although he had never run his own business before, on September 1 he opened his doors for business. What is the maximum amount of deduction for the current year attributable to these expenditures? (LABEL AND SHOW ALL WORK WITH CALCULATIONS)

A) $0

B) $5,000

C) $5,040

D) $6,800