1. A patent was purchased on January 2 of Year 1 for $104,000 when the remaining legal life was 16 years. On January 2 of Year 3 , Denzel determined that the remaining useful ife of the patent was only eight years from the date of its acquisition. 2. On January 1 of Year 3, Denzel Company purchased a second patent for $128,000 cash. At January 1 of Year 3 , a total of 6 years of the patent's legal life of 20 years had expired. 3. On June 30 of Year 3 , Denzel Company paid a firm $12,800 for a new trademark. Denzel considers the life of the trademark to be indefinite. 4. On November 1 of Year 3, Denzel Company acquired all noncash assets and assumed all liabilities of Lee Company at a cash purchase price of $192,000. Denzel determined that the fair value of the identifiable net assets acquired in the transaction is $187,200. Required a. What is the carrying value of each intangible asset on December 31 of Year 3 ? Assume no impairment losses were recognized in prior periods. b. What is amortization expense for Year 3? - Note: When answering the following questions, do not round until your final answer. Round your final answer to the nearest whole number. a. b. Amortization expense, Year 3$