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NUNIVERSITY Lucy organized a new corporation. The corporation began business on May 1, 2019. She made the following expenditures associated with getting the corporation started:

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NUNIVERSITY Lucy organized a new corporation. The corporation began business on May 1, 2019. She made the following expenditures associated with getting the corporation started: Date Amount ut of Expense Legal drafting of corporate charter Rental (April 2019) $28,000 uestion 6,000 February 2 April 30 April 30 April 30 May 31 Organizational meeting Salaries and Wages (April 2019) Rental (May 2019) 3,500 8,000 12,000 i. REQUIRED: What is the total amount of the start-up costs and organizational expenditures for Lucy's corporation? [2 marks] it. What amount of start-up costs and organizational expenditures may the corporation immediately expense in 20197 [3 Marks) . What amount can the corporation deduct as amortization expense for the organizational expenditures and the start-up costs for the year 2019 [excluding the amount determined in part (6)]? S Po

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