Egret Corporation, a calendar year C corporation, was formed on March 6, 2019, and opened for business on July 1, 2019. After its formation but prior to opening for business, Egret incurred the following expenditures:
Accounting ............................$ 7,000
Advertising .............................14,500
Employee payroll ..................11,000
Rent ..........................................8,000
Utilities .....................................1,000
What is the maximum amount of these expenditures that Egret can deduct in 2019?