Lotsaluck Company, an S corporation, began operations this year. During October through December, they incurred $52,000 in start-up costs and $20,000 in organizational costs. Lotsaluck may currently deduct up to start-up and organizational costs paid or incurred in the amount of:

a) $10,000
b) $ 5,000
c) $ 8,000
d) $ 2,000