Emerald Corporation,a Calendar Year C Corporation,was Formed and Began Operations

Multiple Choice

Emerald Corporation,a calendar year C corporation,was formed and began operations on April 1,2012.The following expenses were incurred during the first tax year (April 1 through December 31,2012) of operations: Assuming a § 248 election,what is the Emerald's deduction for organizational expenditures for 2012?

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