Muharraq Co. paid the following different costs in 2020: 1 $1,200,000 to acquire a machine to be used in the R&D projects. The machine has a 6-year useful life (Mahamaq Co started using the machine on 1 January 2020 and a straight line depreciation method is 2.$750,000 for construction costs incurred to open a new plant 3.$230,000 for salaries expenses to the workers who investigate a new formula 4 $310,000 for material and equipesent used in research and development project 5. $270,000 for advertising expenses to the new products 6. $190,000 for consultation services provided by Manama Co. doring the research process Required: How much Muharraq Co. should record as Research & Development expense in 2020? (Show your calculations)