Ivanhoe Corporation, which uses straight-line depreciation and amortization, incurred the following costs in 2026: Acquisition of R&D equipment with a useful life of 4 years in R&D projects (no salvage) $932000 Cost of making minor modifications to an existing product Advertising expense to introduce a new product 142000 720000 Engineering costs incurred to advance a product to full production stage 820000 What amount should Ivanhoe report as research & development expense in 2026?