Exercise $3-29($Algorithmic$)($LO$.2)$

Cherry Corporation, a calendar year C corporation, is formed and begins business on $10/1/2023.$ In connection with its formation, Cherry

incurs organizational expenditures of $$52,800.$

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.

$