Emerald Corporation, a Calendar Year C Corporation, Was Formed and Began

Multiple Choice

Emerald Corporation, a calendar year C corporation, was formed and began operations on April 1, 2019.The following expenses were incurred during the first tax year (April 1 through December 31, 2019) of operations. Assuming a § 248 election, what is the Emerald's deduction for organizational expenditures for 2019?

A) $0
B) $4,550
C) $5,000
D) $7,400
E) None of these.