Current Attempt in Progress. Cheyenne industries has the following patents on its Decenber 31,2024 , balance sheet: The following events occurred during the year ended December 31,2025. 1 Research and development costs of $247,000 were incurred during the year 2. Patent D was purchased on July 1 for $37,848 This patent has a useful life of 93/2 years. 1. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent B's value may have occurred at December 31, 2025. The controller for Cheyenne estimates the expected future cash flows from Patent B will be as follows will be as follow The proper discount rate to be used for these flows is 8\%. (Assume that the cash flows occur at the end of the year) Click here to view factortables. (a) Compute the total carrying amount of Cheyenne's patents on its Oecember 31,2024 , balance sheet. (Round answer to 0 decimal places es. 5,125) Totalcarnying amount is