QUESTION 5 In 2019, Cactus Corporation incurred research & development costs as follows: Materials Equipment (no alternative use) Personnel Indirect costs $110,000 190,000 130,000 150,000 These costs relate to a product that will be marketed in 2020. It is estimated that these costs will be recouped by December 31, 2022. Required: Write the journal entry for Cactus to record research and development for 2 Account Debit Credit