Egret Corporation, a calendar year C Corporation, was formed on March 7, 2012, and opened for business on July 1, 2012. After its formation but prior to opening for business, Egret incurred the following expenditures:
Accounting $7,000
Advertising $14,500
Employee Payroll $11,000
Rent $ 8,000
Utilities $1,000
What Is the maximum amount of these expenditures that Egret can deduct in 2011?