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4. Cody Corp. incurred the following costs during 20x3: . Design of tools, jigs, molds, and dies involving 125,000 new technology Modification of the formulation of a process 160,000 in connection with Troubleshooting breakdowns during commercial production 100,000 Adaptation of an existing capability to a particular customer's need as part of a 110,000 continuing commercial activity In its 20x3 income statement, Cody should report research and development expense of a. 125,000 b. 160,000 C. 235,000 d. 285,000 (AICPA)