The following expenses were incurred starting a partnership. It began operations on March 1. Legal fees for drafting the charter and bylaws $14,500 State fees to create the entity 4,500 Printing cost - Partnership agreement 12,000 Cost of organizational meetings 23,000 Cost to do a market-study 7,000 Cost to train employees (last week in February) 30,000 Assuming the partnership adopts a calendar year for tax purposes, what is the maximum amount of organizational expenses (not start-up cost) that may be deducted the first year? What is the maximum amount of organizational expenses that may be deducted the second year