Steele Industries has a lot of Research and Development $($R&D$)$ expenses each year. The company estimates that the value of each year's R&D expenditures lasts for two years. The company wants to perform an EVA analysis on the results of $2021$ to eliminate the accounting distortions regarding R&D costs. As previously stated, the company believes the value of R&D costs lasts for two years, so $50\%$ of the value of R&D costs for a single year is used up in that year and then the other $50\%$ is used up in in $R$&$D.$ In $2021,$ Assume that all R&D costs are spent at the beginning of the year. In $2020,$ the company spent $$500,000$ in R&D$.$ In $2021,$ the company spent $$400,000$ in R&D$.$ In $2021,$ Net Income on the Income Statement was $$800,000.$ In the company's EVA analysis, what will Adjusted Income be$?$