The Wagner Company made the following expenditures for research and development early in 2014. $80,000 for materials, $100,000 for contract services, $80,000 for employee salaries, and $800,000 for a building with expected life of 20 years to be used for current and future research projects. Wagner uses straight-line depreciation. The company allocated $20,000 in overhead to research and development. What is Wagners' research and development expense for 2014?

Options:

A) 200,000

B) 960,000

C) 220,000

D) 320,000