Salaries and wages for lab research Materials used in R\&D projects Purchase of equipment Fees paid to third parties for R&D projects Patent filing and legal costs for a developed product Salaries, wages, and supplies for R\&D work performed for another company under a contract $530,000330,0001,030,000450,00078,000480,000$2,898,000 The equipment has a six-year life and will be used for a number of research projects. Depreciation for 2024 is $250,000. Required: Calculate the amount of research and development expense that Delaware should report in its 2024 income statement