Maxtor Technology include the following costs during the year related to the creation of a new of personal computer monitor: Salaries $ 3200,000 Depreciation on R&D facilities and equipment175,000 Utilities and other direct costs included for the R&D facilities 76,000 Patent filing and related legal costs 32,000 Payment to another company for performing a portion of the development work 170,000 Costs of adapting the new monitor for the specific need of a customer 9,000 What amount should Maxtor report as research and development expense in its income statement? Research and development Expense