12. On December 31, Pane evaluates the company's research and development (R&D) activities conducted throughout the year to help develop a new bulletproof glass for the Department of Defense Management determines that the company incurred the following costs related to the R&D activities: $95,000 S151,000 Material used from inventory Wages and Salaries (paid in cash) Machine purchased for cash for the R&D project with a useful life of 1 year and no alternative future uses $47.000