4.5 points Muharraq Co. paid the following different costs in 2019: 1. $1,000,000 to acquire a machine to be used in the R&D projects. The machine has a 5-year useful life (Muharraq Co. started using the machine on 1 January 2019 and a straight line depreciation method is applied) 2. $450,000 for construction costs incurred to open a new plant 3. $350,000 for salaries expenses to the workers who investigate a new formula 4. $100,000 for material and equipment used in research and development project 5. $200,000 for advertising expenses to the new products. 6. $150,000 for consultation services provided by Manama Co. during the research process Required: How much Muharraq Co. should record as Research & Development expense in 2019? (Show your calculations) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph Arial 10pt EVE IX O