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Sheridan Company incurred $880000 of research and development costs in its laboratory to develop a new product. It spent $141000 in legal fees for a

Sheridan Company incurred $880000 of research and development costs in its laboratory to develop a new product. It spent $141000 in legal fees for a patent granted on January 2, 2017. On July 31, 2017, Sheridan paid $60000 for legal fees in a successful defense of the patent. What is the total amount of the increased to Patents through July 31, 2017?

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