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 $2,490 per month was paid in advance. 2. Incurred $29.400 of research costs for new products. No new products were developed but management believes the research will lead to new products. $ 29400 3. 4. Used power and water during December for manufacturing. Sandhill's will receive the bill in January 2025 and pay it in February 2025. Power and water costs totalling $46,200 have been recorded for the period from January 1 to November 30, 2024. New packaging equipment costing $39,840 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 $3,320. The company uses straight-line depreciation. $ $