Till Company has organized as a corporation. Till paid $35,000 of legal costs to Bill to draft the corporate charter and articles of incorporation; $10,00 to Hat for accounting fees related to the organization; $7,000 to David for organization meeting; $5,000 to Will for stock issuing costs; and $1,000 to Jane for state fees related to the incorporation. What amount of these expenditures qualify as organizational costs? $53,000 $52,000 $50,000 $48,000 None of these