Emerald Corporation, a calendar year corporation, was formed and began operations on April 1, 2019. The following expenses were incurred during the first tax year (April 1 through December 31, 2019) of operations. Expenses of temporary directors and of organizational meetings $27,000 Fee paid to the state of incorporation 1000 Accounting services incident to organization 15.500 Legal services for drafting the corporate charter and bylaws 9.500 Expenses incident to the printing and sale of stock certficates Assuming a 5 248 election, what is the Emerald's deduction for organizational expenditures for 2019 a $7,400 b. $4,550 c. 30 od $5,000 e None of these choices are correct PRO