The Nandina Corporation was formed and began operations on July 1, 2017, and incurred the following expenses during the year State fees for incorporation Legal and accounting fees incident to Legal fees for the issuance of stock Temporary directors' fees s 800 1,500 600 1,300 organization If the corporation chooses not to expense but rather amortizes organizational costs over 180 months, what is the amount of its amortization expense for 2017? o 1 $110 2, $120 o 4. $130 QUESTION 20 On July1, 2017, Bertram acquired a 30 percent interest in Sycamore Company, a partnership, by contributing property with an adjusted basis of S10,000 and a fair market value of S12,000. The property was subject to a mortgage of S9,000, which was assumed by Sycamore Company. What is Bertram's basis in his partnership interest in Sycamore Company immediately after the partnership contribution? o 1. $3,700 2. $2,000 o 3. $10,000 o 4. $1.000