2 Required information Problem 02-71 (LO 02-4) (Algo) (The following information applies to the questions displayed below] After several profitable years running her business, Ingrid decided to acquire the assets of a small competing business. On May 1 of year 1, Ingrid acquired the competing business for $330,000. Ingrid allocated $55,000 of the purchase price to goodwill. Ingrid's business reports its taxable income on a calendar-year basis. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Problem 02-71 Part a (Algo) a. How much amortization expense on the goodwill can Ingrid deduct in year 1, year 2, and year 37 Year 1 Year 2 Year 3 Deductible Amortization Expense Check my work