Blue Corporation incurred the following expenses in connection with the development of a new QUESTION EIGHT (5 pts.) product in the current year: Salaries Utilities $100,000 Materials 18,000 25,000 Advertising Market survey 5,000 END 3,000 Depreciation on machine OM 9,000 Blue expects to begin selling the product on July 1, 2020. If Blue elects to amortize research and experimental expenditures over 60 months, determine the amount of the deduction for research and experimental expenditures for the current year (2019). How much can be deducted in 2020? If Blue expects to be in a significantly lower marginal tax bracket in later years, what would you recommend to Blue in regards to the R&D deduction