On Morch 17, Advanced Technologies developed a patent related to laser surgery techniques. They spent $1,240,000 to develop the potent internaly, consisting of personnel ($820,000), equipment ($312,000), and materlals ($108,000). The company also had the folowing additional costs: $24,000 in legal fees associated with the purchase and filing of the patent, $39,000 to advertise its new leser surgery techniques, and $49.000 to train employees. What is the recorded cost of the patent