Blue Corporation, a manufacturing company, decided to develop a new line of merchandise. The project began in 2019. Blue had the following expenses in connection with the project: 2019 2020 Salaries $500,000 $600,000 Materials 90,000 70,000 Insurance 8,000 11,000 Utilities 6,000 8,000 Cost of inspection of materials for quality control 7,000 6,000 Promotion expenses 11,000 18,000 Advertising 20,000 Equipment depreciation 15,000 14,000 Cost of market survey 8,000 0 The new product will be introduced for sale beginning in July 2021. Determine the amount of the deduction for research and experimental expenditures for 2019, 2020, and 2021. If an amount is zero, enter "0". a. If Blue Corporation elects to expense the research and experimental expenditures, what will the amount of the deduction be? 2019 2020 2021 Amount of the deduction The new product will be introduced for sale beginning in July 2021. Determine the amount of the deduction for research and experimental expenditures for 2019, 2020, and 2021. If an amount is zero, enter "0" a. If Blue Corporation elects to expense the research and experimental expenditures, what will the amount of the deduction be? 2019 2020 2021 Amount of the deduction b. If Blue Corporation elects to amortize the research and experimental expenditures over 60 months, what will the amount of the deduction be? When required, calculate the monthly expense to the nearest dollar and use in subsequent computations. 2019 2020 2021 Amount of the deduction