At the beginning of the year, Big Time Tires acquired a patent for $800,000, and a trademark for $290,000. Big Time Tire's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life.

What is the total amount of amortization expense that would appear in Big Time Tire's income statement for the first year related to these items?