In 2017, wildhorse Corporation incurred research and development costs as follows: Materials and equipment $107000 Personnel 127000 Indirect costs 167000 401000 These costs relate to a product that will be marketed in 2018. It is estimated that these costs will be recouped by December 31, 2020. The equipment has no alternative future use. What is the amount of research and development costs that should be expensed in 20177 $294000. $274000. $40100o. s0