Could someone help me with the following two problems? Thanks!

1. ACME Corporation, an accrual basis taxpayer, was formed and began operations on October 1, 2013. The following expenses were incurred during the first tax year (October 1 to December 31, 2013) of operations:

Expenses of temporary directors and of organizational meetings	$15,000
Fee paid to the state of incorporation	8,500
Accounting services incident to organization	13,500
Legal services for drafting the corporate charter and bylaws	16,000
Expenses incident to the printing and sale of stock certificates	5,000
$58,000

Assume ACME Corporation makes an appropriate and timely election under 248(c) and the related Regulations. What is the maximum organizational expense ACME may write off for tax year 2013?

1. The following information for 2013 relates to Weekly Corporation, a calendar year, accrual method taxpayer.

   Net income per books (after-tax)		$174,100
   Federal income tax expense per books		86,600
   Tax-exempt interest income		4,500
   MACRS depreciation in excess of straight-line depreciation used for financial statement purposes		7,200
   Excess of capital loss over capital gains		9,400
   Nondeductible meals and entertainment		5,500
   Interest on loan to purchase tax-exempt bonds		1,100

2. Based on the above information, use Schedule M1 of Form 1120, which is available on the IRS website, to determine Weekly's taxable income for 2013.

1. ACME Corporation, an accrual basis taxpayer, was formed and began operations on October 1, 2013. The following expenses were incurred during the first tax year (October 1 to December 31, 2013) of operations: Expenses of temporary directors and of organizational meetings Fee paid to the state of incorporation Accounting services incident to organization Legal services for drafting the corporate charter and bylaws Expenses incident to the printing and sale of stock certificates $15,000 8,500 13,500 16,000 5,000 $58,000 Assume ACME Corporation makes an appropriate and timely election under 248(c) and the related Regulations. What is the maximum organizational expense ACME may write off for tax year 2013? 2. The following information for 2013 relates to Weekly Corporation, a calendar year, accrual method taxpayer. Net income per books (after-tax) Federal income tax expense per books Tax-exempt interest income MACRS depreciation in excess of straight-line depreciation used for financial statement purposes Excess of capital loss over capital gains Nondeductible meals and entertainment Interest on loan to purchase tax-exempt bonds $174,100 86,600 4,500 7,200 9,400 5,500 1,100 Based on the above information, use Schedule M1 of Form 1120, which is available on the IRS website, to determine Weekly's taxable income for 2013