IFRS 12-4 Your answer is partially correct. Try again. Treasure Land Corporation incurred the following costs in 2017 Cost of laboratory research aimed at discovery of new knowledge Cost of testing in search for product alternatives Cost of engineering activity required to advance the design of $120,000 100,000 210,000 75,000 $505,000 product to the manufacturing stage Prototype testing subsequent to meeting economic viability Prepare the necessary 2017 journal entry for Treasure Land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) Account Titles and Explanation Debit Credit Rese arch and Development Expense 430,000 No Entry 0 Cash 430,000 Click if you would like to Show Work for this question: Open Show Work