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:(Leave no answer blank. Enter zero if applicable.)

ExpenseDateAmountAttorney fees for articles of incorporationFebruary 10$40,000March 1 - March 30 wagesMarch 306,400March 1 - March 30 rentMarch 302,800Stock issuance costsApril 125,000April 1 - May 30 wagesMay 3016,000

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)?

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