icles Current Attempt in Progress Larkspur Industries Ltd. is a company in the high-technology industry. Larkspur has been working on developing a new product for home entertainment, the holographic movie projector. The projector meets all of the six criteria required in order to capitalize development costs. During 2020, Larkspur incurred the following costs related to research and development: Rent of facility Salaries of research staff $80,000 220,000 Legal costs to obtain new patent for projector 41,000 Legal costs of successfully defending new patent in court 26,000 Materials consumed in manufacture of prototypes 12,200 Consulting fees paid for general research 46,100 Indirect costs related to research and development 10,200