The Avalanche Company was formed in early 2014. At the time of formation, Avalanche spent the following amounts:

Accounting fees $5,000

Legal fees 20,000

Stock certificate costs 5,000

Initial franchise fee 20,000

Initial lease payment 7,000

Promotional fees 3,000

Avalanche intends to capitalize and amortize the intangibles over the maximum allowable period in accordance with generally accepted accounting principles. As their accountant, how much expense associated with organization costs would be allowed in 2014?