Brief Exercise $10-7($Algo$)$ Patent; research and development $[$LO$10-1,10-8]$

On March $17,$ Advanced Technologies developed a patent related to laser surgery techniques. They spent $$1,260,000$ to develop the patent internally, consisting of personnel $($$$830,000),$ equipment $($$$318,000),$ and materials $($$$112,000).$ The company also had the following additional costs: $$26,000$ in legal fees associated with the purchase and filing of the patent, $$41,000$ to advertise its new laser surgery techniques, and $$51,000$ to train employees.

What is the recorded cost of the patent?