A patent was acquired by Pharoah Corporation on January 1,2022 , for $92,000. The useful life of the patent was estimated to be 10 years and the company plans to use the straight-line method of amortization. Pharoah has a December 31 year-end. At the beginning of 2025 , Pharoah spent $14,000 in successfully defending an infringement of the patent. At the beginning of 2026, Pharoah purchased another patent for $26,670 that was expected to prolong the life of its original patent for 5 additional years. (a) Calculate the amortization expense for 2022. Amortization expense $ eTextbook and Media Using multiple attempts will impact your score. Attempts: 2 of 3 used 10% score reduction after attempt 2 (b) Calculate the balance in the Patent account at the beginning of 2025, immediately after the infringement suit. Balance in the Patent account $