Martha was considering starting a new business. During her preliminary investigations related to the new venture, she incurred the following expenditures:

Please explain work to solve the current year startup expenditure amount...

Problem 8-55 (LO. 7) Martha was considering starting a new business. During her preliminary investigations related to the new venture, she incurred the following expenditures: Salaries Travel Professional fees Interest on a short-term note $22,000 18,000 13,000 Martha begins the business on July 1 of the current year. a. Classify for Martha the following expenditures as "Qualifies as a startup costs" or "Does not qualify as a startup cost". Salaries Travel Professional fees Interest on a short-term note Does not qualify as a startup cost Qualifies as a startup cost Qualifies as a startup cost Qualifies as a startup cost b. If Martha elects 195 treatment, enter the startup expenditure deduction for the current year. In your calculations, round any division to 2 decimal places. Round your final answer to the nearest dollar. Current year startup expenditure equals $ 53,000 X