Current Attempt in Progress Metlock Industries has the following patents on its December 31, 2024, balance sheet: The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $356,800 were incurred during the year. 2. Patent D was purchased on July 1 for $10,080. This patent has a useful life of 12 years. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of P have occurred at December 31, 2025. The controller for Metlock estimates the future cash flows from Current Attempt in Progress Metlock Industries has the following patents on its December 31, 2024, balance sheet: The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $356,800 were incurred during the year. 2. Patent D was purchased on July 1 for $10,080. This patent has a useful life of 12 years. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of P have occurred at December 31, 2025. The controller for Metlock estimates the future cash flows from