?

Cody Corp. incurred the following costs during year 4:
Design of tools, jigs, molds, and dies involving

new technology $125,000

Modification of the formulation of a process 160,000

Troubleshooting in connection with breakdowns
during commercial production 100,000

Adaptation of an existing capability to a particular
customer’s need as part of a continuing commercial activity 110,000

In its year 4 income statement, Cody should report research and
development expense of