Question: Cullumber Company incurred $ 930000 of research and development costs in its laboratory to develop a new product. It spent $ 150000 in legal fees

Cullumber Company incurred $930000 of research and development costs in its laboratory to develop a new product. It spent $150000 in legal fees for a patent granted on January 2, 2022. On July 31, 2022, Cullumber paid $63000 for legal fees in a successful defense of the patent. What is the total amount that should be debited to Patents through July 31, 2022?

$213000.

$930000.

$0.

$1143000.

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