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 Attorney fees for articles of incorporation March 1-March 30 wagen March 1-March 30 rent Stock issuance costs April 1-May 30 wages Note: Leave no answer blank. Enter zero if applicable. Date February 10 Amount $ 32,000 March 30 4,500 March 30 2,000 April 1 20,000 May 301 12,000 Problem 10-73 Part a (Static) a. What is the total amount of the start-up costs and organizational expenditures for Nicole's corporation? Start-up costs Organizational expenditures 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 Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Note: Leave no answer blank. Enter zero if applicable. Date February 10. March 30 Amount $ 32,000 4,500 March 30 2,000 April 1 May 30 20,000 12,000 Problem 10-73 Part b (Static) 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)? Start-up costs expensed Organizational expenditures expensed 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 Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Note: Leave no answer blank. Enter zero if applicable. Date February 10 March 30 Amount $ 32,000 4,500 March 30 April 1 May 30 2,000 20,000 12,000 Problem 10-73 Part c (Static) 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: Do not round intermediate calculations. Start-up costs amortized Organizational expenditures amortized 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 Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Date February 10 March 30 Amount $ 32,000 4,500 2,000 20,000 12,000 March 30 April 1 May 30 Note: Leave no answer blank. Enter zero if applicable.. Problem 10-73 Part d (Static) d. What would be the total allowable organizational expenditures if Nicole started a sole proprietorship instead of a corporation? Allowable organizational expenditure