In 2017, Red incurred the following expenses in connection with development and launch of a new product: Salaries Materials Advertising Depreciation on machine $100,000 S43,000 $5,000 $9,000 Red expects to begin selling production in 2018 so he elects to amortize research and experimental expenditures over 60 months. Assuming no additional R&E expenditures, what is the amount of the deduction for R&E expenditures in 2019 with a full year of sales? A) $31,400. B $30,400 C) $28,600. D) $21,800. E) None of the above. True or False: If Red had preferred, he could have elected to expense all research and experimental expenditures in the year they were incurred 10 of 13