Can somebody just already help me im getting frusted i been waiting for 3hrs for an answer and i have to turn this in by 6pm im really gettting frustrated

R&D Costs Halpern Company's controller prepared the following income statement and balance sheet at the end of the first year of the company's existence $ 40,000 (20,00 Sales revenue Cost of sales Operating expenses Net income Balance Sheet Accounts payable Notes payable Common stock s 5,000 40,000 50,000 12,000 s 33,000 Cash Inventory R&D costs Property, plant, and equipment (net) 24,000 3 0,000 20,000 Retained eamings Investigation shows that R&D costs include, among others, $8,000 of operating costs because the company is not yet operating at capacity. In addition, R&D costs include $5,000 of materials that were wasted during early production because "our employees made some unnecessary mistakes