32. During the past two years, through extensive advertising and improved customer relations, Orange Corporation estimated that it had developed customer goodwill worth $500,000. For the current year, determine the amount of goodwill Orange Corporation may amortize. a. $26,667 b. $100,000 c. $33,333 d. $16,667 e. $0 33. On June 1, 2021, Red Corporation purchased an existing business. With respect to the acquired assets of the business, Red allocated $300,000 of the purchase price to a patent. The patent will expire in 20 years. Determine the total amount that Red may amortize for 2021 for the patent. a. $1,667 b. $0 c. $35,000 d. $11,667 e. None of these choices are correct.