A company incurred the following costs related to research and development for the current year:

Salaries for research employees	$ 657,000
Research performed for sale to another company in the future	207,000
Purchase of developed technology in a business acquisition	332,000
Supplies used in research projects	67,000
Patent filling and legal costs	57,000

For what amount should the company report research and development expense?

Multiple Choice

$1,056,000

$1,263,000

$714,000

$724,000