Dovetail Technologies Company acquired patent right on January 6, 20Y5, for $3,180,000. The patent has a useful life of 14 years. On January 7, 20Y6, Dovetail Technologies successfully defended the patent in a lawsuit at a cost of $477,000.

a. Determine the patent amortization expense for the current year ended December 31, 20Y6. If required, round answer to nearest whole value.

b. Illustrate the effects on the accounts and financial statements to recognize the amortization.