Determining Carrying value and Amortization of Intangible Assets w the following information pertaining to Denzel Company 1. A patent was purchased on January 2, 2018, for $26,000 when the remaining legal life was 16 years. On January 2, 2020, Denzel determined that the remaining useful life of the patent was only eight years from the date of its acquisition 2. On January 1, 2020, Denzel Company purchased a second patent for $32,000 cash. At January 1, 2020, 6 years of the patents legal life of 20 years had already expired 3. On June 30, 2020, Denzel Company paid a firm $3,200 for a new trademark Denzel considers the life of the trademark to be indefinite 4.On November 1, 2020, Denzel Company acquired all roncash assets and assumed all abilities of Lee Company at a cash purchase price of 545,000. Denzel determined that the fair value of the identiable net assets acquired in the transaction is $46,800 Note: When answering the following questions, do not round until your final answer, Round your firal answer to the nearest whole number Required a. What is the carrying value of intangible assets on December 31, 20207 Assume no impairment losses were recognized in prior periods. $ b. What is amortization expense for 20207