Problem 2-56 Startup Expenditures (LO. 3)

Egret Corporation, a calendar year C corporation, was formed on March 7, 2013, and opened for business on July 1, 2013. After its formation but prior to opening for business, Egret incurred the following expenditures:

Accounting	$7,000
Advertising	14,500
Employee payroll	11,000
Rent	8,000
Utilities	1,000

Round the per-month amount to two decimal places. Round the final answer to the nearest dollar.

The maximum amount of these expenditures that Egret can deduct in 2013 is $____