Opal Corporation, an Accrual Method, Calendar Year Taxpayer, Was Formed

Multiple Choice

Opal Corporation, an accrual method, calendar year taxpayer, was formed and began operations on July 1, 2018. The following expenses were incurred during the first tax year (July 1 through December 31, 2018) of operations. Assuming a § 248 election, what is Opal's deduction for organizational expenditures for 2018?

A) $593.
B) $460.
C) $5,427.
D) $5,627.
E) None of the above.