Peach Corporation, a calendar year C corporation, was formed and began operations on March 1, 2020. The following expenses were incurred during the first tax year of operations: Expenses of temporary directors and organizational meetings $26,000 Fee paid to the state of incorporation 2,000 Accounting services incident to organization 13,400 Legal services for drafting the corporate charter and bylaws 12,600 Expenses incident to the printing and sale of stock certificates 5,000 What is Peach Corporation's deduction for organizational expenditures for 2020? a. $0 b. $2.944 c. $3.944 d. $7,722