Diaz Company incurred the following costs during the year2020.
| 1. | Salaries expense related to design for a trademark with anindefinite estimated life | $12,000 |
| 2. | Materials used for research and development projects for thecurrent year | 20,000 |
| 3. | Fees paid to external consultants related to research anddevelopment projects | 60,000 |
| 4. | Trouble-shooting in connection with breakdowns duringproduction | 36,000 |
| 5. | Design of tooling involving new technology | 18,000 |
| 6. | Cost of equipment (purchased January 2019) that will havealternative uses over 6 years | 160,000 |
| 7. | Salaries expense related to updates to an existing product | 80,000 |
| 8. | Allocation of rent expense for a facility partially used forresearch and development activities | 30,000 |
| 9. | Routine testing of product during commercial production | 56,000 |
Determine the amount of research and development costs thatwould be disclosed in the financial statements of Diaz company forthe year 2020.
Note: Round your answer to the nearest wholedollar.
