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.)

Expense	Date	Amount
Attorney fees for articles of incorporation	February 10	$ 39,500
March 1March 30 wages	March 30	6,250
March 1March 30 rent	March 30	2,750
Stock issuance costs	April 1	26,000
April 1May 30 wages	May 30	15,625

Problem 10-73 Part c (Algo)

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)]? (Round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.)