AstroTech Semiconductor incurred the following costs in 2021 related to a new product design Research for new semiconductor design Development of the new product Legal and filing fees for a patent for the new design $3,720,000 906.000 Total The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable The project was successfully completed, and the new product was patented before the end of the 2021 fiscal year Required: 1. Calculate the amount of research and development expense (R&D) AstroTech should report in its 2021 U.S. GAAP income statement 2. Repeat Requirement 1 assuming that AstroTech prepares its financial statements according to International Financial Reporting Standards (IFRS) 1 Research and development expense under US GAAP 2. Research and development expense under IFRS