Egret Corporation, a calendar year C corporation, was formed on March 7, 2014, and opened for business on July 1, 2014. 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 2014?