Oriole Corporation, which uses straight$-$line depreciation and amortization, incurred the following costs in $2026$:

Acquisition of R&D equipment with a useful life of $4$ years in R&D projects $($no salvage$)$ $$948000$

Cost of making minor modifications to an existing product

$143000$

Advertising expense to introduce a new product

$730000$

Engineering costs incurred to advance a product to full production stage

$830000$

What amount should Oriole report as research & development expense in $2026?$

$$1141000$

$$1067000$

$$1560000$

$$1871000$