10. Aggie Company incurred the following costs during 2018 and 2019: Research and development costs of $2,000 were incurred on a new product to sell in future years. A product was successfully developed during 2011. Aggie is unsure of the period benefited by the research, but believes the product will result in increased sales over the next 8 years. Legal costs and application fees of $4,000 for the patent were incurred on January 1,2018. The legal life of this patent is 20 years. A patent infringement suit was successfully defended at a cost of $7,000. Assume all costs were incurred on January 1, 2019. a. b. c. Determine the book value of the patent as of December 31, 2019 A. $10,000 B. S10,232 C. S 9,000 D. $10,719 E. S 11,500 13a, 16a, 19a