You work in the Accounting Policy Group of Radley International, Inc., a U.S. publicly-held manufacturer of women's handbags and other fashion accessories. In February 2020, Radley acquired Carlson International, Ltd., a UK-based company that is listed on the London Stock Exchange and NASDAQ. Carlson prepares its consolidated financial statements in accordance with IFRS. You have been assigned to the acquisition team based upon your in-depth knowledge of both U.S. GAAP and IFRS. Your role is to assist your peers at Carlson to prepare Income Statements under both IFRSandUS GAAP.

After detailed discussions with the Controller of Carlson and their financial reporting team, you identify the key differences between IFRS and U.S. GAAP for 2019. Your summary is below:

IAS 38: Development Costs

During 2019, Carlson incurred research and development costs on a new product of $250,000, of which 60% were related to development activities that occurred subsequent to reaching the "technical feasibility" of the project. As of the end of the 2019, the development phase of the new product had not yet been completed.

What is the adjustment using IFRS to put in income statement? What is the adjustment using U.S. GAAP to put in income statement?