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 $318,000. Ingrid allocated $53,000 of the purchase price to goodwill. Ingrids business reports its taxable income on a calendar-year basis.

Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.

b. In lieu of the original facts, assume that Ingrid purchased only a phone list with a useful life of five years for $11,500. How much amortization expense on the phone list can Ingrid deduct in year 1, year 2, and year 3?