Maghielse Company incurred the following expenses during the year ended 12/31/14: Legal work in connection with patent applications $50,000 Depreciation on research equipment $120,000 Seasonal design changes to existing products $12,000 Conceptual formulation of product alternatives $15,000 Engineering follow-through in an early phase of commercial production $10,000 The total amount to be expensed as Research and Development is: Select one: O a. $15,000 O b. $150,000 Oc. $145,000 O d. $185,000 O e. $135,000