A financial analyst is analyzing the amortization of a product patent acquired by MAKETTI S.p.A., an Italian corporation. He gathers the following information about the patent: Acquisition cost 8,800,000 Acquisition date July 1, 2019 Patent expiration date June 30, 2025 Total plant capacity of patented 50,000 units per year product Production of patented product in 35,000 units | fiscal year ended December 31, 2019 Expected production of patented 275,000 units product during life of the patent If the analyst uses the units-of-production method, the amortization expense on the patent for fiscal year 2019 is closest to: a) 784,000 b) 560,000 c) 1,120,000