KL Corporation's core business focus is production of golf clubs. It is interested in creating a new prototype golf club and has allocated $2 billion toward the project for this fiscal year. Prepare a journal entry and create an income statement and balance sheet that depicts the accounting treatment/effect for JKL Corporation in each of the following independent scenarios: a. JKL Corporation develops its own projects "in-house" and is located in the United States. Of the $2 billion spent this year, 70% is deemed "research" and 30% is deemed "development". b. JKL Corporation is located in the United States and purchases the prototype from ABC Corporation. Of the $2 billion spent for the acquisition, 70% is deemed "research" and 30% is deemed "development". c. JKL Corporation develops its own projects "in-house" and is located in Ireland. Of the $2 billion spent this year, 70% is deemed "research" and 30% is deemed "development