In 2020, Peterson Corporation incurred research costs as follows:

Materials and supplies		$60,000
Personnel		65,000
Indirect costs—allocated		80,000
		$205,000

These costs relate to a product that Peterson expects to market in 2021. It is estimated that these costs will be recouped by December 31, 2023. How much of these costs could be capitalized in 2020?

$205,000

$125,000

$80,000

$0