Please help me. Thankyou. Blue Corporation, a manufacturing company, decided to develop a new line ofmerchandise. The project began in 2019. Blue had the following expenses inconnection with the project:SalariesMaterialsInsuranceUtilitiesCost of inspection of materials for qualitycontrolPromotion expensesAdvertisingEquipment depreciationCost of market survey2019$500,000 $600,00090,000 70,0008,0006,0007,00011,000015,00020208,00011,0008,0006,00018,00020,00014,0000 The new product will be introduced for sale beginning in July 2021. Determine theamount of the deduction for research and experimental expenditures for 2019, 2020,2021, and 2022.b. If Blue Corporation elects to amortize the research and experimental expendituresover 60 months, what will the amount of the deduction be?c. How would your answer change if Blue Corporation incurred the expenses in 2022and 2023 (rather than 2019 and 2020)?

AMORTIZATION EXPENSES Amortization is an accounting method for spreading out the costs for the use…

The new product will be introduced for sale beginning in July 2021. Determine the amount of the deduction for research and experimental expenditures for 2019, 2020, 2021, and 2022. b. If Blue Corporation elects to amortize the research and experimental expenditures over 60 months, what will the amount of the deduction be? c. How would your answer change if Blue Corporation incurred the expenses in 2022 and 2023 (rather than 2019 and 2020)?