Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monitor: $340,000 185,000 78,000 34,000 180,000 92,000 Salaries Depreciation on R&D facilities and equipment Utilities and other direct costs incurred for the R&D facilities Patent filing and related legal coats Payment to another company for performing a portion of the development work Costs of adapting the new monitor for the specific needs of a customer What amount should Maxtor report as research and development expense in its income statement? Research and development expense