Carla Vista Corporation has a December 31 year-end and amortizes its limited-life intangible assets using the straight-line method. Carla Vista purchased a patent for $397500 on September 1, 2024. The patent had a remaining legallife of 13 years and a usefullife of ten. On January 1, 2026. Carla Vista spent $97500 to successfully defend the patent in an infringement lawsuit. As of that date, Carla Vista estimates the remaining useful life at 5 years. With regard to this patent, the company's 2026 income statement will report Patent Amortization Expense of $88400 : $68900. $91050. $83100