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	$ 36,000
March 1March 30 wages	March 30	5,050
March 1March 30 rent	March 30	2,400
Stock issuance costs	April 1	33,000
April 1May 30 wages	May 30	12,625

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 cost expensed?

organizational expenditures expensed?

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.)

start up costs amortized?

organizational expenditures amortized?

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