The Nandina Corporation was formed and began operations on July 1, 2013, and incurred the following expenses during the year:
State fees for incorporation $ 800
Legal and accounting fees incident to organization $1,500
Legal fees for the issuance of stock $ 600
Temporary directors’ fees $1,000
If the corporation chooses not to expense but rather amortizes organizational costs over 180 months, what is the amount of its amortization expense for 2013?
a. $0
b. $110
c. $130
d. $220
e. None of the above