Sandstorm Corporation decides to develop a new line of paints. The project begins in 2017. Sandstorm incurs the following expenses in 2017 in connection with the project:

Salaries	$171,600
Materials	51,480
Depreciation on equipment	25,740

The benefits from the project will be realized starting in July 2018. If an amount is zero, enter "0".

If Sandstorm Corporation elects a 60-month deferral and amortization period, there is a $ for 2017 and a $deduction for 2018.