Balance sheet data for Uranus Energy as of 12/31/14 is as follows for Lease K:

Leasehold costs	$375,000
Less: Accumulated DD&A	($120,000)
Net leasehold costs	$255,000
Wells and related E&F—IDC	$2,100,000
Less: Accumulated DD&A—IDC	($800,000)
Net wells and related E&F—IDC	$1,300,000
Wells and related E&F—L&WE	$1,200,000
Less: Accumulated DD&A—L&WE	($150,000)
Net wells and related E&F—L&WE	$1,050,000

Uranus’ activities during 2015 related to Lease K were as follows:

Exploratory dry hole drilled	$525,000
Development dry hole drilled	$550,000
Tanks, separators, etc., installed	$220,000
Production	210,000 bbl
Proved reserves, 12/31/15	2,100,000 bbl
Proved developed reserves, 12/31/15	1,800,000 bbl

Requirement:
 Calculate the Exploration and Development Costs for 2015.