Problem / 40 (10.5) Blue Corporation, a manufacturing company, decided to develop a new line of merchandise. The project began in 2019. Blue had the following expenses in connection with the project: Salaries 2019 2020 $500,000 $600,000 90,000 70,000 8,000 11,000 Materials Insurance Utilities 8,000 6,000 7,000 Cost of inspection of materials for quality control 6,000 Promotion expenses 11,000 18,000 0 20,000 Advertising Equipment depreciation Cost of market survey 14,000 15,000 8,000 0 The new product will be introduced for sale beginning in July 2021. Determine the amount of the deduction for research and experimental expenditures for 2019, 2020, 2021, and 2022 b. If Blue Corporation elects to amortize the research and experimental expenditures over 60 months, what will the amount of the deduction be? 2019 2020 2021 2022 Amount of the deduction 0 0 132,198 132,200 X Foedback Chock My Work Partially correct c. How would your answer change if Blue Corporation incurred the expenses in 2022 and 2023 (rather than 2019 and 2020)? 2022 2023 Amount of the deduction O