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Martha was considering starting a new business. During her preliminary investigations related to the new venture, she incurred the following expenditures: Salaries$ 2 2 ,

Martha was considering starting a new business. During her preliminary investigations related to the new venture, she incurred the following expenditures:
Salaries$22,000Travel18,000Professional fees13,000Interest on a short-term note4,000
Martha begins the business on July 1 of the current year.
a.Classify for Martha the following expenditures as "Qualifies as a startup cost" or "Does not qualify as a startup cost".

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