On March $17,$ Advanced Technologies developed a patent related to laser surgery techniques. They spent $$1,200,000$ to develop the patent internally, consisting of personnel $($$$800,000),$ equipment $($$$300,000),$ and materials $($$$100,000).$ The company also had the following additional costs: $$20,000$ in legal fees associated with the purchase and filing of the patent, $$35,000$ to advertise its new laser surgery techniques, and $$45,000$ to train employees.

What is the recorded cost of the patent?