Problem $11-6($Algorithmic$)$

Special Deductions and Limitations $($LO $11\mathrm{.}3)$

Beech Corporation, an accrual$-$basis, calendar$-$year taxpayer, was organized and began business in June of the current year. During the year, the corporation incurred the following expenses:

$\backslash$table$[[$State fees for incorporation,$$850$