21 Online Teachinx 12 Mind Tap Cengage Learning ment/take Assignment Main.do?invoker=&takeAssignmentSession Locatorkinprogress=false nge Unlimited CengageNOW21 Gwww.google.com eBook Exercise 3-28 (LO. 2) Cherry Corporation, a calendar year corporation, is formed and begins business on April 1 of the current year. In connection with its formation, Cherry incurs organizational expenditures of $54,000. Round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine Cherry Corporation's deduction for organizational expenditures for the current year, 294 x A corporation may elect to amortize organizational expenses over a period of 15 years or more. G