Biologic, Inc. reports the following in its Year $5$ income statement:

Record the accounting for R&D expenditures using the financial statement effects template. Assume all costs have been paid with cash.

Use negative signs with your answers, when appropriate. Select $"$N$/$A$"$ as your answer if a part of the accounting equation is not affected. Make sure you submit a drop down selection for every entry, even if you need to put N$/$A$.$ Drop down options for second row on balance sheet "Cash

Intangible asset

Property and equipment

Research and development

Retained earnings

N$/$A$"$