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	$	33,500
March 1 March 30 wages	March 30		4,300
March 1 March 30 rent	March 30		2,150
Stock issuance costs	April 1		38,000
April 1 May 30 wages	May 30		10,750

a.	What is the total amount of the start-up costs and organizational expenditures for Nicole's corporation?

b.	What amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1?

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

d.	What would be the allowable organizational expenditures, including immediate expensing and amortization, if Nicole started a sole proprietorship instead?