Muharraq Co. paid the following different costs in 2020: 1 $2,000,000 to acquire a machine to be used in the R&D projects. The machine has a 4-year meful Side (ha Ca started using the machine on 1 Jary 2000 tighe e depensation and 2. $550,000 for construction costs incurred to open a new plant 3 $420,000 for engineering costs incurred so advance a new product to full production stage (These is NO elity) $250,000 for material and equipment used in research and develop 5 $130,000 for advertising expenses to the new products 6 $370,000 for consultation services provided by Manama Ca during the research process Required: How much Muharraq Co. should record as Research & Developesent expense in 20201 (Show your calculations)