Sandstorm Corporation decides to develop a new line of paints. The project begins in 2022. Sandstorm incurs the following expenses in 2022 in connection with the project: Salaries: $85,000 Materials: $30,000 Depreciation on equipment: $12,500

The benefits from the project will be realized starting in July 2023.

Sandstorm's amortization deduction for 2022 is $fill in the blank 1 and $fill in the blank 2 for for 2023.