On March 17, Advanced Technologies developed a patent related to laser surgery techniques. They spent $1,380,000 to develop the patent internally, consisting of personnel ($890,000), equipment ($354,000), and materials ($136,000). The company also had the following additional costs: $38,000 in legal fees associated with the purchase and filing of the patent, $53,000 to advertise its new laser surgery techniques, and $63,000 to train employees. What is the recorded cost of the patent