Sinner Ltd a company with a 31 December financial year-end, is developing a new production process, and during 20x6, incurred expenditure of 900,000. Sinner is able to demonstrate that at 1 November 20x6 the production process met the criteria for recognition as an intangible asset. Of the total expenditure 600,000 was incurred before 1 November 20X6 and the remaining was incurred between 1 November and 31 December 20X6. The company will recognize the development expenses as follows: Select one: a intangible assets (Statement of Financial Position) 900,000 Ob development expenses (Statement of Profit and Loss) 600,000 and intangible assets (Statement of Financial Position) 300,000 Oc development expenses (Statement of Profit and Loss) 900,000 od development expenses (Statement of Profit and Loss) 300,000 and intangible assets (Statement of Financial Position) 600,000