Exercise 12-17 Sunland Company incurred the following costs during the current year in connection with its research and development activities. equipment acquired that will have alternative Cost uses in future R&D projects over the next years (uses straight-line depreciation) $289,000 Materials consumed in R&D projects 56,800 Consulting fees paid to outsiders for R&D projects 128,000 persons involved in R&D projects Personnel costs 135,000 Indirect costs reasonably allocable to R&D projects 46,800 Materials purchased for future R&D projects 33,800 Compute the amount to reported as research and development expense by Sunland its current year income statement. Assume equipment purchased at the beginninq of the year. Total to be expensed for research and Development you would like to Show Work for this question: Open Show Work Click