Sandstorm Corporation decides to develop a new line of paints. The project begins in 2021. Sandstorm incurs the following expenses in 2021 in connection with the project:

Salaries ................................................................     $85,000

Materials ................................................................     30,000

Depreciation on equipment ................................    12,500

The benefits from the project will be realized starting in July 2022. 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 2021 and 2022?