Transcribed image text: Hyland Company's research and development (R&D) records contained the following information for 2017) ercise 13-55 atifying Research Development Costs S See Demo 13-6A SAVO 2.000.00 Materials used in R&D projects Equipment acquired that will have significant altemative future uses including future R&D projects Depreciation expense for 2020 on above equipment. Personnel costs involved in R&D projects Consulting fees paid to outsiders for R&D projects Indirect costs reasonably allocable to R&D projects 1.000.000 10000 200.000 $4200.000 Required Determine the amount of research and development costs debited to expense and reported on Hyland's 2000 is come statement