Question 10 (1 point) Golden Rams Company incurred research and development costs in 2020 as follows: Equipment acquired that will have alternative future uses in future research and development projects. $3,000,000 Materials used in research and development projects. 650,000 Depreciation for 2020 on the above equipment 500,000 Personnel costs of persons involved in R&D projects. 750,000 Consulting fees paid to outsiders for R&D projects 300,000 Indirect cost reasonably allocate to R&D projects. 225,000 What is the amount of research and development costs charged to Golden Rams 2020 income statement? $5,425,000 $4,700,000. $2,425,000. $2,000,000