Special Deductions and Limitations (LO 11.3)

Beech Corporation, an accrual basis taxpayer, was organized and began business on July 1 of the current calendar tax year. During the current year, the corporation incurred the following expenses:

State fees for incorporation	$ 500
Legal and accounting fees incident to organization	1,800
Expenses for the sale of stock	2,100
Organizational meeting expenses	750

Assuming that Beech Corporation does not elect to expense but chooses to amortize organizational expenditures over 15 years, calculate the corporation's deduction for its current calendar tax year.

Round per month calculation to two decimal places. Round your final answer to the nearest dollar.