In February $2024,$ Culverson Company began developing a new software package to be sold to customers. The software allows people to enter health information and daily eating and exercise habits to track their health status. The project was completed in November $2024$ at a cost of $$1,040,000.$ Of this amount, $$390,000$ was spent before technological feasibility was established. Culverson expects a useful life of two years for the new product and total revenues of $$1,590,000.$

Determine the amount that Culverson should capitalize as software development costs in $2024.$

Software development cost