Please help me with B - startup expenses.

Exercise 14-5 (Algorithmic) (LO. 3) Candlewood LLC began its business on June 1, 2020; and it uses a calendar tax and an accounting year. Candlewood incurred $11,500 in legal fees for drafting the LLC's operating agreement and $5,750 in accounting fees for tax advice of an organizational nature, for a total of $17,250 of organizational costs. Candlewood also incurred $18,000 of preopening advertising expenses and $35,000 of salaries and training costs for new employees before opening for business, for a total of $53,000 of startup costs. The LLC desires to take the largest deduction available for these costs. If required, round any division to six decimal places and use in subsequent computations. Round your final answers to the nearest dollar. Compute Candlewood's deductions for the first year of its operations for: a. Organizational expenses: $ 5,476 b. Startup expenses: $ 1,867 X Feedback Check My Work In its initial stages, a LLC incurs expenses related to some or all of the following activities: forming the LLC (organizational costs), starting business operations (startup costs), admitting members to the LLC, marketing and selling LLC units to prospective members (syndication costs), and acquiring assets. The LLC may elect to deduct up to $5,000 of such expenditures in the year in which it begins business. However, this amount is subject to limitations