Problem 11-6 (Algorithmic) Special Deductions and Umitations (LO 11.3) Beech Corporation, an accrual-basis, calendar-year taxpayer, was organized and began business in June of the current calendar tax year, During the current year, the corporation incurred the following expenses: Round per month calculation to two decimal places. Round your final answer to the nearest dollar. Assuming that Beech Corporation wishes to deduct organizational expenses as quickly as possible, calculate the corporation's deduction for its current calendar tax year 1 x Fentiac: TCrook My Wod New businesses may incur organizational expenditures or start-up costs, or both, prior to starting a business. Organizational expenditures are incurred by partnerships, LLCs, and corporations in the process of forming an entity in which to operate a business. Corporations amortize qualifying organizational costs over a statutory period, and there is no upper limit to the amount of qualifying costs that can be amortized. Corporations can elect to deduct a statutory dollar amount of organizational costs in the year they begin business