Emerald Corporation, a calendar year C corporation, was formed and began operations on July 1, 2010. The following expenses were incurred during the first tax year (July 1 through December 31, 2010) of operations:
Expenses of temporary directors and of organizational meetings
$9,000
Fee paid to the state of incorporation
$1,000
Accounting services incident to organization
$2,500
Legal services for drafting the corporate charter and bylaws
$3,500
Expenses incident to the printing and sale of stock certificates
$4,000
Assuming a 248 election, what is the Emerald's deduction for organizational expenditures for 2010?