On january 1, year 1, a company with a calendar year end began developing a software program that it intends to market and sell to its customers. the software coding was completed on march 31, year 1, at a cost of $200,000, and the software testing was completed on june 30, year 1, at a cost of $100,000. the company achieved technological feasibility on july 31, year 1, at which time the company began producing product masters at a cost of $125,000. what amount should the company report for the total research and development expense for the year ended december 31, year 1?