Janco Corporation was incorporated on March 1 of the current year, began business June 1, and elected a fiscal year ending October 31. The following expenses were incurred during the year: Date Type Feb. 15 Legal fees to draft charter Mar. 10 Broker fee on stock sale Mar. 15 Accounting fees to set up books and controls Apr. 30 Temporary directors fees Dec. 30 Legal fees to amend charter Amount $ 4,000 60,000 4,000 2,000 2,000 What is the allowable deduction for the organizational costs for the first tax year if the organization occurs after October 22, 2004? A $833 B $5,139 $16,000 D $70,000