A company began developing computer software to be sold as a separate product on January 1, Year 1. During the planning, coding, and testing phases, the company incurred $1,300,000 of costs. On June 30, Year 1, the product was determined to be technologically feasible. The company began producing product masters of the software and incurred an additional $750,000 of costs from July 1, Year 1, through September 30, Year 1. After the software was available for release on October 1, Year 1, the company incurred an additional $275,000 of costs relating to maintenance and customer support. What amount of software-related costs should be capitalized?

-$275,000

-$750,000

-$1,300,000

-$2,050,000