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Problem $2-73($LO $2-4)($Algo$)$

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Nicole organized a new corporation. The corporation began business on April $1$ of year $1.$ She made the following expenditures associated with getting the corporation started:

Expense Date Amount

Attorney fees for articles of incorporation February $10$ $ $41,500$

March $1$March $30$ wages March $306,850$

March $1$March $30$ rent March $302,950$

Stock issuance costs April $122,000$

April $1$May $30$ wages May $3017,125$

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Problem $2-73$ Part d $($Algo$)$

d$.$ What would be the total allowable organizational expenditures if Nicole started a sole proprietorship instead of a corporation?