Please examine the texts provided thoroughly to identify and correct any spelling, typographical, grammatical, OCR (optical character recognition), and mathematical errors, including any errors related to the square root symbol. Ensure that the entire text is properly formatted and presented in a clear, coherent manner. Only correct errors, Do not answer it.
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Texts: I just need the solution to the final part of part b, please. Problem 7-39 (LO. 5)
Blue Corporation, a manufacturing company, decided to develop a new line of merchandise. The project began in 2022. Blue had the following expenditures in connection with the project, all incurred in the U.S.:
2022 2023
Salaries $500,000 $600,000
Materials $90,000 $70,000
Insurance $8,000 $11,000
Utilities $6,000 $8,000
Cost of inspection of materials for quality control $7,000 $6,000
Promotion expenses $11,000 $18,000
Advertising $0 $20,000
Equipment depreciation $15,000 $14,000
Cost of market survey $8,000 $0
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The new product will be introduced for sale beginning in April 2024.
If an amount is zero, enter "0". Calculate the monthly expense to the nearest dollar and use it in subsequent computations.
a. Determine Blue Corporation’s research and experimental expenditures for 2022 and 2023.
2022 2023
Amount of the deduction $fill in the blank dad761052f8bfe6_1
$619,000
$fill in the blank dad761052f8bfe6_2
$703,000
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b. Determine Blue Corporation’s deduction for research and experimental expenditures for 2022 and 2023.
2022 2023
Amount of the deduction $fill in the blank 33dbdbfac031fa7_1
$61,900
$fill in the blank 33dbdbfac031fa7_2