Egret Corporation, a calendar year C Corporation, was formed on June 7, 2011, and opened for business on September 1, 2011. After its formation but prior to opening for business, Egret incurred the following expenditures:
Accounting $4,000
Advertising $9,500
Employee Payroll $12,000
Rent $ 9,000
Utilities $2,000
What Is the maximum amount of these expenditures that Egret can deduct in 2011?