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New Ventures Corp., a publicly traded company, showed the following costs for its research and development division: May 1- Dec 31, 2021 Jan 1 -

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New Ventures Corp., a publicly traded company, showed the following costs for its research and development division: May 1- Dec 31, 2021 Jan 1 - April 30, 2021 (Dollars! (Dollars 12,000 10,000 Materials 32,000 15,000 Labour costs 19.000 8.000 Directly attributable overhead 27,000 25,000 Costs for Quality Control work on existing products At May 1, 2021. New Ventures determined that the project was technically feasible and commercially viable. New Ventures had sufficient resources and intentions to complete the project and was confident that there was demand in the marketplace for the product. How much, if any, of the costs can be capitalized for fiscal 2021? Do not use commas, symbols/units (eg. $, %) or spaces in your answers. For example, one thousand five hundred and twenty-three dollars should be entered as 1523. The Canvas system may enter a comma for you. That is fine. Leave it

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