eBook Calculator Problem 8-55 (LO. 7) Martha was considering starting a new business. During her preliminary investigations related to the new venture, she incurred the following expenditures: Salaries Travel $22,000 18,000 13,000 4,000 Professional fees Interest on a short-term note Martha begins the business on July 1 of the current year. a. Classify for Martha the following expenditures as "Qualifies as a startup costs" or "Does not qualify as a startup cost". Salaries . Travel Qualifies as a startup cost Qualifies as a startup cost Qualifies as a startup cost Does not qualify as a startup cost Professional fees Interest on a short-term note b. If Martha elects 5 195 treatment, enter the startup expenditure deduction for the current year, In your calculations, round any division to 2 decimal places. Round your final answer to the nearest dollar. Current year startup expenditure equals $ 3,983 X. Feedback