Delaware Company incurred the following research and development costs during 2018 Salaries and wages for lab research Materials used in RSD projects Purchase of equipment Fees paid to third parties for RSD projects Patent filing and legal costs for a developed product Salaries, wages, and supplies for RSD work performed for another company under a contract $ 55e,eee 35e, Bee 1.ese. 472, se, eee see eee 53,000,cee The equipment has a seven-year life and will be used for a number of research projects. Depreciation for 2018 is $270.000 Required: Calculate the amount of research and development expense that Delaware should report in its 2018 income statement Research and development expense