Exercise 7-26 (Algorithmic:) (LO.S) Sandstorm Corporation decides to develop a new line of paints. The project begins in 2020. Sandstorm incurs the following expenses in 2020 in connection with the project: Salaries $115,600 Materials 34,680 Depreciation on equipment 17,340 The benefits from the project will be realized starting in July 2021. If an amount is zero, enter"0". If Sandstorm Corporation chooses to defer and amortize its research and experimental expenditures over a period of 60 months, what are its related deductions in 2020 and 2021? 2020: S 0 2021: $ Feedback Check My W Section 174 covers the treatment of research and experimental expenditures. The Regulations define research and experimental expenditures as follows: all such costs incident to the development of an experimental or pilot model, a plant process, a product, a formula, an invention, or similar property, and the improvement of already existing property of the type mentioned. Check My Work Previous Next > o 11:00 PM 9/29/203 (hp