Tax Drill - Organizational and Startup Costs Candlewood LLC started business on September 1, 2017 and adopted a calendar year. During 2018, Candlewood incurred $6,500 in legal fees far drafting the LLC's operating agreement and $3,000 in accounting fees for tax advice of an organizational nature, for a total af 9,500 af organizational costs. Candlewood also incurred $30,000 of preopening advertising expenses and $24,500 of salaries and training costs for new employees before opening for business, for a total of $54,500 of startup costs. The LLC wants to take the largest deduction available for these costs. If required, round any division to five decimal places and use in subsequent computations. Round your final answers to the nearest dollar. In 2017, the LLC may deduct as organizational expenses and as startup expenses ? Check My work In its initial stages, a partnership incurs expenses related to some or all of the following activities: forming the partnership (organizational costs) starting business operations (startup costs), admitting partners to the partnership, marketing and selling partnership units to prospective partners syndication costs), and acquiring assets Tax Drill - Organizational and Startup Costs Candlewood LLC started business on September 1, 2017 and adopted a calendar year. During 2018, Candlewood incurred $6,500 in legal fees far drafting the LLC's operating agreement and $3,000 in accounting fees for tax advice of an organizational nature, for a total af 9,500 af organizational costs. Candlewood also incurred $30,000 of preopening advertising expenses and $24,500 of salaries and training costs for new employees before opening for business, for a total of $54,500 of startup costs. The LLC wants to take the largest deduction available for these costs. If required, round any division to five decimal places and use in subsequent computations. Round your final answers to the nearest dollar. In 2017, the LLC may deduct as organizational expenses and as startup expenses ? Check My work In its initial stages, a partnership incurs expenses related to some or all of the following activities: forming the partnership (organizational costs) starting business operations (startup costs), admitting partners to the partnership, marketing and selling partnership units to prospective partners syndication costs), and acquiring assets