Oriole Corporation incurred the following costs in 2021:

Acquisition of R&D equipment with a useful life of
4 years in R&D projects	$620000
Start-up costs incurred when opening a new plant	131000
Advertising expense to introduce a new product	520000
Engineering costs incurred to advance a product to full
production stage	429000

What amount should Oriole report as research & development expense in 2021?

$1049000

$1180000

$584000

$842000