Consider the following events for Blossom's Innovations Co. that occurred during 2024. For each event, indicate the amount of expense that should be recognized in the 2024 income statement. (Hint: Use professional judgement to estimate expense where appropriate.) (Do not leave any answer field blank. Enter O for amounts.) 1. Leased factory space from Whole Properties Company for a one-year period starting $ November 1, 2024. Six months of rent at $1,950 per month was paid in advance. 2. Incurred $23,100 of research costs for new products. No new products were developed but management believes the research will lead to new products. $ 3. Used power and water during December for manufacturing. Blossom's will receive the bill in January 2025 and pay it in February 2025. Power and water costs totalling $36,300 have been recorded for the period from January 1 to November 30, 2024. $ 4. New packaging equipment costing $31,200 was installed during November 2024. The equipment was tested in December and will be used for packaging starting in January 2025. The equipment has an estimated useful life of 4 years and an estimated residual value of $2,600. The company uses straight-line depreciation