Special Deductions and Limitations (LO 11.3)

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

State fees for incorporation	$ 580
Legal and accounting fees incident to organization	2,030
Expenses for the sale of stock	2,320
Organizational meeting expenses	870

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. $fill in the blank