Maltese Laboratories incurred the following research and developments costs related to its pharmaceutical business: Internal projects (salaries, supplies, overhead for R&D facilities) -$ 620,000 Payment to acquire R&D from a third party related to a specific project -75,000 Costs of an R&D project to be sold under contract to Libo Pharmacy, a third $ 82.000. in process in R&D asscociated acquisition of curratics, an independent reseacrh company 148.000
What amount should maltese report as research and development expense in ots income statement?