Blue Corporation Incurred the Following Expenses in Connection with the Development

Blue Corporation incurred the following expenses in connection with the development of a new product: $$\begin{array} { l r } \text { Salaries } & \$ 100,000 \\\text { Utilities } & 18,000 \\\text { Materials } & 25,000 \\\text { Advertising } & 5,000 \\\text { Market survey } & 3,000 \\\text { Depreciation on machine } & 9,000\end{array}$$ Blue expects to begin selling the product next year. If Blue elects to amortize research and experimental expenditures over 60 months, determine the amount of the deduction for research and experimental expenditures for the current year.

A) $0
B) $118,000
C) $143,000
D) $152,000
E) $160,000