Exercise 18-31 (Part Level Submission) Blue Reclaimers entered into a contract with Kingbird Demolition to manage the processing of recycled materials on Kingbird various demolition projects. Services for the 3-year contract include collecting, sorting, and transporting reclaimed materials to recycling centers or contractors who will reuse them. Blue incurs selling commission costs of $2,040 to obtain the contract. Before performing the services, Blue also designs and builds receptacles and loading equipment that interfaces with Kingbird demolition equipment at a cost of $29,630. These receptacles and equipment are retained by Blue and can be used for other projects. Kingbird promises to pay a fixed fee of $11,240 per year, payable every 6 months for the services under the contract. Blue incurs the following costs: design services for the receptacles to interface with Kingbird equipment $3,050, loading equipment controllers $6,420, and special testing and OSHA inspection fees $2,040 (some of Kingbird projects are on government property). (a) Determine the costs that should be capitalized as part of Blue Reclaimers revenue arrangement with Kingbird Demolition. (If answer is 0, please enter 0. Do not leave any fields blank.) Commission Costs $ Design Services Cost of loading Equipment Controllers Inspection Fees Receptacles and loading Equipment $ Click if you would like to Show Work for this question: Open Show Work