Suland Co. incurred research and development costs in 2018 as follows:

Materials used in research and development projects $ 885000

Equipment acquired that will have alternate future uses in future research and development projects 2350000

Depreciation for 2018 on above equipment 435000

Personnel costs of persons involved in research and development projects 685000

Consulting fees paid to outsiders for research and development projects 235000

Indirect costs reasonably allocable to research and development projects 160000

4750000 the amount of research and development costs charged to Sunland's 2018 income statement should be