Required information Problem 10-73 (LO 10-4) (Algo) [The following information applies to the questions displayed below.] Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: Expense Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Note: Leave no answer blank. Enter zero if applicable. Date February 10 March 30 Amount $ 35,000 4,750 March 30 2,300 April 1 May 30 35,000 11,875 Problem 10-73 Part b (Algo) b. What amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1 (excluding the portion of the expenditures that are amortized over 180 months)? Answer is complete but not entirely correct. Start-up costs expensed Organizational expenditures $ 35,000 $ 53,925