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Treasure Land Corporation incurred the following costs in 2012. Cost of laboratory research aimed at discovery of new knowledge $100,900 Cost of testing in search

Treasure Land Corporation incurred the following costs in 2012.

Cost of laboratory research aimed at discovery of new knowledge $100,900

Cost of testing in search for product alternatives 121,400

Cost of engineering activity required to advance the design of a product to the manufacturing stage 209,500

Total: $431,800

Prepare the necessary 2012 journal entry or entries for Treasure Land. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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