Jay Flash Company had the following transaction during the year: Purchased new machinery for $521,000, using a long-term notes to finance it Paid $710 for ordinary repairs to its conveyor belt Purchased a patent for $35,000 Paid $217,000 cash for an addition to its existing facility Paid $61,000 in monthly salaries to employees Paid $185 for routine maintenance on existing equipment Paid $9,000 for extraordinary repairs to its packaging machine. If all transactions were recorded properly, what amount did Jay Flash Company capitalize for the year