Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started:

Expense	Date	Amount
Attorney fees for articles of incorporation	February 10	$ 42,500
March 1-March 30 wages	March 30	7,150
March 1-March 30 rent	March 30	3,050
Stock issuance costs	April 1	20,000
April 1-May 30 wages	May 30	17,875

Note: Leave no answer blank. Enter zero if applicable.

b. What amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1 (excluding the portion of the expenditures that are amortized over 180 months)?

c. What amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up costs for year 1 [not including the amount determined in part (b)]?

Note: Round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.

d. What would be the total allowable organizational expenditures if Nicole started a sole proprietorship instead of a corporation?