Balance sheet data for Moon Oil Company as of 12/31/08 is as follows for Lease E:

Leasehold costs	$300,000
Less: Accumulated DD&A	($60,000)
Net leasehold costs	$240,000
Wells and related E&F—IDC	$1,500,000
Less: Accumulated DD&A—IDC	($500,000)
Net wells and related E&F—IDC	$1,000,000
Wells and related E&F—L&WE	$900,000
Less: Accumulated DD&A—L&WE	($90,000)
Net wells and related E&F—L&WE	$810,000

Moon’s activities during 2009 related to Lease E were as follows:

Exploratory dry hole drilled	$375,000
Development dry hole drilled	$400,000
Tanks, separators, etc., installed	$160,000
Production	150,000 bbl
Proved reserves, 12/31/09	1,500,000 bbl
Proved developed reserves, 12/31/09	1,200,000 bbl

Requirement:
 Calculate the Capitalized Costs for 2009.