Question 1 Cheyenne Corporation incurred the following costs in 2017 Laboratory research aimed at discovery of new knowledge Laboratory equipment purchased for use in recently completed project; alternative uses for the equipment are not expected Testing in search for product alternatives Engineering activity required to advance the design of a product to the manufacturing stage $590,000 137,000 62,000 271,000 $1,060,000 Prepare the necessary 2017 journal entry or entries for Cheyenne. (Credi no entry is required, select "No Entry for the account tities and enter O for the amounts.) Account Titles and Explanation t account titles are automatically indented when amount is entered. Do not indent manually. If Debit Credit