Time left 1:25:53 Virtual Co. incurred research and development costs in 2023 as follows: Materials used in research and development projects Equipment acquired that will have alternate future uses in future research and development projects $ 450,000 3,000,000 Depreciation for 2023 on above equipment Personnel costs of persons involved in research and 300,000 750,000 development projects Consulting fees paid to outsiders for research and development 300,000 projects Indirect costs reasonably allocable to research and development projects 225,000 Assume economic viability has not been achieved. Total $5,025,000 What amount of research and development costs should be charged to Virtual's 2023 income statement? $ PRE # # 3 $ % 5 W zoom hp & 7 * 00 144 E R T Y D F G H J K XCV B NM