Consider the following events for Sunland's Innovations Co, that occurred during 2024. For each event, indicate the amount of expense that should be recognized in the 2024 incomestatement. (Hint: Use professional judgernent to estimate expense where appropriate). (Do not leove any onswer field blank. Enter Ofor amounts) 1. Leased factory space from Whole Properties Company for a one-year period starting November 1,2024 . Six months of rent at $3,030 per month was paid in advance. 2. Incurred $35,700 of research costs for new products. No new products were developed but management believes the research will load to new products. 3. Used power and water during December for manufacturing Sunland's will receive the bill in: January 2025 and pay it in February 2025. Power and water costs totalling 556.100 have been recorded for the period from January 1 to November 30,2024 4. New packaging equipment costing $48,480 was installed during November 2024, The equipment was tested in December and will be used for packaging starting in January 2025. The equiprnent has an estimated useful life of 4 years and an estimated residual value of $4,040. The company uses straight-line depreciation